IT Consulting & Software company Infosys announced Q1FY25 results:
- Revenues in CC terms grew by 2.5% YoY and by 3.6% QoQ
- Reported revenues at Rs 39,315 crore, growth of 3.6% YoY
- Operating margin at 21.1%, growth of 0.3% YoY and 1.0% QoQ
- Basic EPS at Rs 15.38, increase of 7.0% YoY
- FCF at Rs 9,155 crore, growth of 59.2% YoY
- FCF conversion at 143.6% of net profit
Speaking on the results, Salil Parekh, CEO and MD, said: “We had an excellent start to FY25 with strong and broad-based growth, operating margin expansion, robust large deals, and highest ever cash generation. This is a testimony to our differentiated service offerings, enormous client trust, and relentless execution”.
“With our focused approach for generative AI for enterprises working with their data sets on a cloud foundation, we have strong traction with our clients. This is building on our Topaz and Cobalt capabilities” he added.
Speaking on the results, Jayesh Sanghrajka, CFO, said: “Our relentless drive on cost optimization through Project Maximus, a comprehensive margin expansion program, is reflected in the all-round improvement in key operating metrices leading to 1.0% growth in operating margin in Q1”.
“We had the highest ever FCF generation at USD 1.1 billion and ROE increased to 33.6% due to higher payouts to investors”, he added.