Infosys Q4 Results Highlights: Net profit rises 30.5% QoQ to ₹7,969 crore, final dividend declared

Infosys Q4 Results Live Update at 6:10 pm: The IT company won deals worth $17.7 billion in FY24.

Infosys Q4 Results Live Update at 6:03 pm: Infosys Board has approved incorporation of wholly owned subsidiaries in Thailand, Oman and France. Additional information as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations will be disclosed in due course.

Infosys Q4 Results Live Update at 5:49 pm: Attrition rate at 12.6%

Infosys Q4 Results Live Update at 5:40 pm: Recognitions and awards

AI and Cloud Services

• Awarded ISO 42001:2023 certification for implementing an Artificial Intelligence Management System framework
• Positioned as a leader in IDC MarketScape Worldwide Higher Education Cloud Professional Services Vendor Assessment
• Positioned as a leader in HFS Horizons: Assuring the Generative Enterprise, 2024
• Rated as a leader in ISG’s Multi Public Cloud Services Provider Lens™ study
• Rated as a leader in ISG’s Intelligent Automation - Solutions and Services Provider Lens study in US and Europe

Infosys Q4 Results Live Update at 5:32 pm: "Free cash flow of $848 million in Q4 was highest in the last 11 quarters driven by our relentless focus to improve working capital cycle. Consistent with the objective of giving high and predictable returns to shareholders, the Board has approved the capital allocation policy under which the company expects to return 85% over the next 5 years and progressively increase annual Dividend Per Share”, said Jayesh Sanghrajka, CFO.

"Operating margin expansion in the medium-term and improving cash generation continue to remain our priorities underpinned by early success in Project Maximus”, he added.

Infosys Q4 Results Live Update at 5:25 pm: During the financial year ended March 2024, net profit increased by 8.9 per cent to Rs 26,233 crore from Rs 24,095 crore recorded in FY23.

Infosys Q4 Results Live Update at 5:25 pm: The annual income from operations increased by 4.7% to ₹1,53,670 crore in fiscal year 2024 from ₹1,46,767 crore a year ago.

Infosys Q4 Results Live Update at 5:21 pm: The IT major expects a revenue growth of 1-3% in constant currency for financial year 2025.

Infosys Q4 Results Live Update at 5:21 pm: "We delivered the highest ever large deal value in the financial year 2024. This reflects the strong trust clients have in us. 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," said Salil Parekh, CEO and MD.

"I would like to thank our 317,000 employees across the world that are working to create value for our clients," he added.

Infosys Q4 Results Live Update at 5:18 pm: Infosys client data

Infosys Q4 Results Live Update at 5:15 pm: Infosys to hold 43rd Annual General Meeting of the Members of the Company on Wednesday, June 26, 2024.

Infosys Q4 Results Live Update at 5:11 pm: Infosys to acquire 100% stake in German firm in-tech in all cash deal for 450 million euros.

Infosys Q4 Results Live Update at 5:03 pm: Infosys Board has recommended a final dividend of ₹20 per equity share for FY24 and additionally a special dividend of ₹8 per equity share.

Infosys Q4 Results Live Update at 5:00 pm: For the financial year ended 31 March 2024, Infosys reported a 8.9% year-on-year (YoY) rise in net profit to ₹26,233 crore and a 4.7% YoY increase in its consolidated revenue to ₹153,670 crore.

Infosys Q4 Results Live Update at 16:58 pm: Infosys consolidated revenue jumped 1.3% to ₹37,923 crore in Q4 FY24. In the same period year ago, revenue stood at ₹37,441 crore.

Infosys Q4 Results Live Update at 16:52 pm: Th information technology company has reported net profit of ₹7,969 crore in Q4 FY24.

Infosys Q4 Results Live Update at 16:40 pm: Investors will keenly watch the management commentary for the March quarter and the new fiscal. The management’s views on spending outlook, impact of mega deals on margin and stressed verticals will be keenly watched.

Infosys Q4 Results Live Update at 16:34 pm: As per experts, Infosys’ deal wins could be in the range of $2-3 billion in the March quarter against $3.2 billion in the December quarter. Total contract value was $7.7 billion in the June quarter. Read More.

Infosys Q4 Results Live Update at 16:29 pm: According to a CNBC-TV18 poll of analysts, FY25 guidance could be between 2% and 6% whereas margin for FY25 are seen in the 20-22% range, similar to FY24.

Infosys Q4 Results Live Update at 16:24 pm: The company will declare the financial results for the January-March quarter of FY24 shortly.

Infosys Q4 Results Live Update at 4:11 pm: Things to watch out for in Q4 FY24 results

• FY25 guidance
• Revenue, EBIT margin
• Deal wins
• Wage hike and attrition
• Dividend

Infosys Q4 Results Live Update at 3:54 pm: The NIFTY IT (-0.23%) closed in red ahead of Q4 data by Infosys. Tech Mahindra (-0.07%), HCLTech (-0.06%) and Wipro (-0.06%) dragged the index.

Infosys Q4 Results Live Update at 3:43 pm: Infosys announces a successful collaboration with Proximus, Belgium’s leading digital services and communications solutions provider, on the ServiceNow platform.

"Infosys helped Proximus to standardize its existing processes on the ServiceNow platform and transform its customer service management (CSM) operations," the company said in a regulatory filing.

Infosys Q4 Results Live Update at 3:34 pm: Shares of Infosys closed with gains of 1.06% at ₹1,429 on Thursday ahead of the announcement of the financial results for Q4 FY24.

Infosys Q4 Results Live Update at 3:28 pm: The information technology giant to declare Q4 FY24 results shortly.

Infosys Q4 Results Live Update at 3:10 pm: According to a_ CNBC-TV18_ poll of analysts, Infosys is likely to see a revenue dip for the second quarter in a row, and its net profit is expected to go up over 1% to ₹6,180 crore from ₹6113 crore earlier.

Infosys Q4 Results Live Update at 2:50 pm: Infosys has maintained gains ahead of the quarterly results today. The stock was trading at ₹1,421, up 0.4%, on the NSE at 2:50 pm.

Infosys Q4 Results Live Update at 2:30 pm: In Q3 FY24, Infosys had posted a 7.3% decline in consolidated net profit at ₹6,106 crore. The company had posted a net profit (attributable to shareholders) of ₹6,586 crore during the same period a year ago.

Infosys Q4 Results Live Update at 2:08 pm: The IT giant is expected to project a revenue growth of 2-6% for the next financial year. Analysts expect Infosys to project margins at 20-22% similar to FY24.

Infosys Q4 Results Live Update at 1:48 pm: To watch webcast of the press conference by Infosys management at 4:30 pm, click here.

Infosys Q4 Results Live Update at 1:32 pm: Shares of Infosys were trading 0.8% higher at ₹1,425 on the NSE. Intraday, the stock hit a high of ₹1,444.

Infosys Q4 Results Live Update at 1:20 pm: Infosys will hold a press conference at 4:30 pm after releasing its quarterly results. The participating executives will address questions from the media during this interaction, which will be streamed live on the Investor Relations section of Infosys website.

Infosys Q4 Results Live Update at 1:08 pm: Infosys will announce its Q4 FY24 financial results on Thursday, April 18, after the market closing at 3:30 pm.

Infosys Q4 result: Information technology (IT) giant Infosys will announce its financial results on Thursday, April 18, for the January-March quarter, and the financial year ended on March 31, 2024.

Shares of Infosys were trading at ₹1,443, up 2%, on the National Stock Exchange (NSE) at 12:30 pm. Intraday, the stock hit a high of ₹1,444.

Market experts believe the company will likely post a fall in revenue for the January-March quarter. An analysts' poll estimated a 0.59% fall in revenue to ₹38,590 crore in Q4 FY24 compared to ₹38,821 crore in the previous quarter due to weak discretionary spending.

According to poll estimates, Infosys' net profit is expected to be around ₹6,142 crore in the March quarter against ₹6,106 crore posted in the December quarter.

Also read: F&O strategy: Infosys below 200-DMA, how to plan a trade ahead of Q4 results

Infosys is a digital services and consulting company. With a workforce of more than 3,00,000, the IT firm has clients in more than 56 countries.

"With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients as they navigate their digital transformation powered by cloud and AI. We enable them with an AI-first core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem," the company said.