Infosys Q4 results Highlights: Net profit beats estimates at ₹7,969 crore

Infosys Q4 results LIVE: CEO Salil Parekh said, “Our capabilities in Generative AI continue to expand. We are working on client programs, leveraging large language models with impact across software engineering, process optimization, and customer support."

Infosys Q4 Results LIVE: Infosys CFO said that no decision was taken on salary hike yet. Last hike was in November, the company noted. 

Infosys Q4 Results LIVE: CEO Salil Parekh said, "Hiring models havechanged significantly over the years. Doing more than half of the hiring off campus."

Infosys Q4 Results LIVE: Here's everything the company said on hiring and employees 

• Full-year headcount declines for the first time in 23 years
• Net addition drops by 25,994
• On a quarterly basis, Infosys added 5,423 fewer employees, a drop for the fifth consecutive quarter.- 

Infosys Q4 Results Live: Jayesh Sanghrajka said, “Free cash flow of $848 million in Q4 was highest in the last 11 quarters driven by our relentless focus toimprove working capital cycle. Consistent with the objective of giving high and predictable returns toshareholders, the Board has approved the capital allocation policy under which the company expects toreturn 85% over the next 5 years and progressively increase annual Dividend Per Share. Operating margin expansion in the medium-term and improving cash generation continue to remain our priorities underpinned by early success in Project Maximus.”

Infosys Q4 Results Live: Salil Parekh said, “We delivered the highest ever large deal value in the financial year 2024. This reflects the strong trustclients have in us. Our capabilities in Generative AI continue to expand. We are working on clientprograms, leveraging large language models with impact across software engineering, processoptimization, and customer support. I would like to thank our 317,000 employees across the world that are working to create value for our clients.”

Infosys Q4 Results Live: Infosys has approved acquisition of in-tech Holding GmbH engaged in Engineering R&D services.

• Profit jumps 30% YoY to ₹7,969 crore
• Company sees FY25 revenue growth at 1-3%

Infosys Q4 Results Live: Net profit rises 30% YoY to ₹7,969 crore

Infosys Q4 Results Live: Infosys recommended a final dividend of ₹20/- per equity share for the financial year ended March 31,2024 and additionally a special dividend of ₹8/- per equity share.

Tata Consultancy Services (TCS) reported a profit that surpassed estimates as the company recently disclosed its financial performance for the fourth quarter of FY2024. TCS recorded a net income of ₹61,237 crore for the final quarter of the last fiscal year.

Infosys shares have fallen over 11% in one month and over 7% year-to-date (YTD). The stock price is up more than 13% in the past one year.

Infosys Q4 Results Live: Infosys share price gained over 2% ahead of the announcement of Q4 results today as they rose to a high of ₹1,444.50 apiece on the BSE. 

Infosys Q4 Results Live: Nirmal Bang noted this about Q4 results

• Expected FY25 revenue growth guidance for Infosys to be maintained within the 4-7% CC range, with margin guidance similar to FY24 (20-22% EBIT margin).
• Perceived downside risk on revenue post commentary from global IT Services players like Accenture, Capgemini, and Cognizant.

Infosys Q4 Results Live: JM Financial said, “We anticipate a -0.9% QoQ constant currency revenue growth, with a 20 bps cross-currency tailwind resulting in -0.7% QoQ dollar revenue growth. Limited input is expected from mega deals in Q4, while meaningful contributions from the InSemi acquisition have not been factored in.”

Infosys Q4 Results Live: Infosys leadership team will be part of a press conference at 4:30 p.m. on April 18 in which the participating executives will address questions from the media.

Infosys Q4 Results Live: Infosys will announce results for the fourth quarter and year ended March 31, 2024 today around 3:45 p.m.

Infosys Q4 Results Live: Motilal Oswal noted, “Revenue growth is expected to be weak at -0.1% QoQ CC, on account of ongoing macro challenges and delays in the ramp-up of large deals. The deal pipeline remains healthy, while closure are somewhat challenging due to slower decision-making processes and furloughs. Nevertheless, the conversion rate remains on track.”

Infosys Q4 Results Live: Infosys shares jumped 1% ahead of Q4 results today

Infosys Q4 Results Live: ICICI Securities noted, “We build in 1.2% USD/CC QoQ revenue contraction. We expect some traction in communication (ramp up from liberty deal), BFSI (from deals announced in Q4). We expect 2% YoY USD growth, landing in the upper end of the guided range of 1.5-2% for FY25E. We build in USD 4.6mn revenue from inSemi acquisition for Q4E.”