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

Infosys Q4 Results Highlights: Infosys released its March quarter earnings today. Follow all updates here
Summary

Infosys Q4 Results Highlights: Infosys Q4 Results Live: Net profit rises 30% YoY to 7,969 crore. Check all latest updates below

Infosys Q4 Results Highlights: Infosys Q4 revenue is estimated to drop sequentially, analysts predicted.
Infosys Q4 Results Highlights: Infosys Q4 revenue is estimated to drop sequentially, analysts predicted.

Infosys Q4 Results Highlights: India's 2nd biggest software services provider Infosys is released its March quarter earnings today. Analysts predicted that the results would be tepid amid weakness in discretionary spending. Infosys Q4 revenue is estimated to drop sequentially while operating margin or EBIT margin may remain flat, analysts noted. ...Read More

What you need to look out for? Watch out for cost takeout projects, banking vertical and outlook on client CY24 discretionary spend. 

Follow all the updates here:
Apr 18, 2024 5:53 PM IST

Infosys Q4 Results LIVE: What CEO Salil Parekh said on implementation of Gen AI 

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."

Apr 18, 2024 5:45 PM IST

Infosys Q4 Results LIVE: Will there be a salary hike?

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

Apr 18, 2024 5:35 PM IST

Infosys Q4 Results LIVE: CEO Salil Parekh on hiring from campus

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

Apr 18, 2024 5:25 PM IST

Infosys Q4 Results LIVE: Company's full-year headcount declines

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.- 
Apr 18, 2024 5:17 PM IST

Infosys Q4 Results LIVE: What Jayesh Sanghrajka said 

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.”

Apr 18, 2024 5:13 PM IST

Infosys Q4 Results Live: What Salil Parekh, CEO and MD, Infosys said

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.”

Apr 18, 2024 5:06 PM IST

Infosys Q4 Results Live: Company approved acquisition of in-tech Holding GmbH

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

Apr 18, 2024 5:01 PM IST

Infosys Q4 Results Live: What Infosys said 

  • Profit jumps 30% YoY to 7,969 crore
  • Company sees FY25 revenue growth at 1-3%
Apr 18, 2024 4:59 PM IST

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

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

Apr 18, 2024 4:54 PM IST

Infosys Q4 Results Live: Infosys announces dividend

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.

Apr 18, 2024 4:08 PM IST

Infosys Q4 Results Live: Ahead of Infosys result, a look at TCS' profit

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.

Apr 18, 2024 3:48 PM IST

Infosys Q4 Results Live: A look at Infosys' share performance

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.

Apr 18, 2024 3:44 PM IST

Infosys Q4 Results Live: How Infosys shares performed today

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. 

Apr 18, 2024 3:32 PM IST

Infosys Q4 Results Live: Nirmal Bang on Infosys Q4 results

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.
Apr 18, 2024 3:21 PM IST

Infosys Q4 Results Live: JM Financial on Infosys Q4 earnings

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.”

Apr 18, 2024 3:11 PM IST

Infosys Q4 Results Live: When will be Infosys' leadership press conference 

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.

Apr 18, 2024 3:00 PM IST

Infosys Q4 Results Live: When will the results be announced

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

Apr 18, 2024 2:49 PM IST

Infosys Q4 Results Live: Motilal Oswal on Infosys Q4 results 

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.”

Apr 18, 2024 2:41 PM IST

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

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

Apr 18, 2024 2:04 PM IST

Infosys Q4 Results Live: ICICI Securities on Infosys' Q4 results 

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.”

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