Infosys Q1FY25 financial results after board meeting on THIS date: Check details
No 5. Infosys | The multinational IT services and consulting company employs 3.43 lakh people and is the second largest software company in India. Despite its Indian origin, Infosys' largest regional market is North America, followed by Europe. (Image: Reuters)
Infosys Ltd, India's second-largest IT services company, will declare its first-quarter results (for the April-May period) for the financial year 2025 on July 18, 2024. The Street will closely watch Infosys' revenue growth guidance.
In a recent interview with CNBC-TV18, MD & CEO Salil Parekh outlined factors that underpin the company's growth guidance in an exclusive interview with CNBC-TV18. He highlighted the exceptional performance in securing large deals as a primary driver of the outlook. The stability in discretionary spending, which has remained consistent and hasn't worsened, adds another layer of confidence, Parekh added.
In its fourth-quarter results in mid-April, Infosys said it expects revenue growth for the financial year 2025 to be between 1% and 3%. A CNBC-TV18 poll of analysts had expected the company to guide for revenue growth to be between 2% and 6% for the current financial year. For the financial year 2025, Infosys guided for EBIT margin to be in the range of 20% to 22%.
In Q4FY24, Infosys' net profit stood at ₹7,975 crore, which was higher by 30% compared to the December quarter, and also higher than the CNBC-TV18 poll estimate of ₹6,180 crore. The profit was aided by an other income component, which stood at ₹2,789 crore, compared to a ₹789 crore figure in the October-December period. This includes the ₹1,916 crore refund it received from the income tax department.
Meanwhile, global brokerage and investment firm Morgan Stanley in a recent note has given an 'overweight' call on Infosys with a target price of ₹1,650 per share. It said Infosys' deal pipeline remains strong and the deals won in recent quarters are converting into revenues. It further added that the company showed confidence on Pproject Maximus supporting the FY25 margin outlook.
Infosys (NSE: INFY) share price settled in the red on Friday, down 0.36%, quoting at ₹1,488.50 apiece. So far this year, the IT stock has dropped over 4%, while the one-year return on the scrip is over 14%.