Infosys Q1 Results Highlights: Net profit rises 7.1% YoY to ₹6,368 crore, revenue up 3.6%

• Rated as top 100 most valuable brand in the world by Kantar BrandZ; Ranked among the most trusted brands in India and the US
• Recognised as one of India’s best employers among nation-builders 2024 by the Great Place To Work Institute
• Recognised as one of India’s best companies to work for 2024 by the Great Place To Work Institute
• Infosys was recognised as one of the "Most Honored" companies, receiving multiple awards at the 2024 All-Asia Executive Team Rankings from Institutional Investor
• Infosys’ Investor Relations (IR) function has been recognized one of the top two IR Functions amongst Indian companies in an annual survey conducted by FinanceAsia

• Infosys announced a strategic multi-year collaboration with Telstra to accelerate its software engineering and IT transformation journey and further enhance their customer experience.
• Infosys launched Infosys Aster – a set of AI-amplified marketing services, solutions and platforms that deliver engaging brand experiences, enhanced marketing efficiency, and accelerated effectiveness for business growth.
• Infosys collaborated with La-Z-Boy to establish a Testing Center of Excellence.
• Infosys announced a strategic three-year partnership with the ABB FIA Formula E World Championship as its official Digital Innovation Partner.
• Infosys announced a multi-year strategic collaboration with First Abu Dhabi Bank (FAB) to optimize and modernize FAB’s IT infrastructure services.
• Infosys and Posti extended their strategic collaboration to help Posti enhance its customer experience and operational efficiency, leveraging Infosys Topaz.
• Infosys collaborated with Proximus to revamp their ServiceNow platform by leveraging Infosys Cobalt.
• Infosys announced successful completion of the technology landscape separation program of Team Global Express.
• Infosys collaborated with Commerzbank to consolidate their trading ecosystem on a unified Murex platform to help the bank accelerate its digital transformation journey.

Infosys has completed the acquisition of in-tech, a leading Engineering R&D services provider focused on German automotive industry. This follows the announcement the company made on April 18, 2024.

Headquartered in Germany, in-tech, is one of the fastest growing Engineering R&D services providers that shapes digitization in the automotive, rail transport and smart industry sectors. in-tech develops solutions in e-mobility, connected and autonomous driving, electric vehicles, off-road vehicles and railroad. in-tech brings to Infosys, marquee German original equipment manufacturers, deep client relationships, and an extensive industry expertise with a multidisciplinary team of 2,200 people across locations in Germany, Austria, China, UK, and nearshore locations in Czech Republic, Romania, Spain, and India.

The entire shareholding in in-tech Group India Private Limited, a step-down subsidiary of in-tech Holding GmbH, will be acquired by Infosys Limited. Infosys is delighted to welcome in-tech and its leadership team.

“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”, said Jayesh Sanghrajka, CFO.

“We had the highest ever FCF generation at $1.1 billion and ROE increased to 33.6% due to higher payouts to investors”, he added.

• Revenues in common currency terms grew by 2.5% YoY and by 3.6% QoQ
• Reported revenues at ₹39,315 crore, growth of 3.6% YoY
• Operating margin at 21.1%, growth of 0.3% YoY and 1.0% QoQ
• Basic earnings per share (EPS) at ₹15.38, increase of 7.0% YoY

• Revenue growth of 3%-4% in constant currency
• Operating margin of 20%-22%

“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”, said Salil Parekh, CEO and MD.

“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.

• Nandan Nilekani, Co-founder and Chairman of the Board
• Salil Parekh, Chief Executive Officer and Managing Director
• D Sundaram, Lead Independent Director
• Michael Gibbs, Independent Director
• Bobby Parikh, Independent Director
• Chitra Nayak, Independent Director
• Govind Iyer, Independent Director
• Helene Auriol Potier, Independent Director
• Nitin Paranjpe, Independent Director

• Current price: ₹1,729.4
• Open: ₹1,719
• High: ₹1,745.5
• Low: ₹1,719
• Previous close: ₹1,726

In Q4 FY24, the company had reported a 30% year-on-year (YoY) increase in its net profit at ₹7,969 crore. The revenue from operations grew 1.2% YoY to ₹37,923 crore.