Infosys’ internet revenue quarter-on-quarter fell 20% from ₹7,969 crore within the January-March quarter.
| Photograph Credit score: Reuters
IT main Infosys Ltd on Thursday (July 18, 2024) reported a 7% rise in first quarter internet revenue and raised its progress outlook for the present monetary yr.
The consolidated internet revenue of Infosys elevated to ₹6,368 crore within the April-June quarter, in comparison with ₹5,945 crore in the identical interval a yr again, based on a inventory change submitting by the corporate.
Quarter-on-quarter the corporate’s internet revenue fell 20% from ₹7,969 crore within the January-March quarter.
For the present fiscal yr, it raised income progress steering to three% to 4% in fixed forex phrases.
“We had a superb begin to FY25 with sturdy and broad-based progress, working margin growth, sturdy massive offers, and highest ever money technology. This can be a testimony to our differentiated service choices, monumental shopper belief, and relentless execution,” mentioned Salil Parekh, CEO and MD.
“With our targeted method for generative AI for enterprises working with their information units on a cloud basis, we have now sturdy traction with our purchasers. That is constructing on our Topaz and Cobalt capabilities,” Mr. Parekh added.
