Mumbai7 minutes ago
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The net profit of India’s second largest IT company Infosys has increased by 7.1% on annual basis (YoY) to Rs 6,368 crore in the April-June quarter. Last year, in the same quarter (Q1FY24), the company’s net profit was Rs 5,945 crore.
Whereas in the last quarter (Q4FY24) it was Rs 7,969 crore. That means the company’s net profit has fallen by 20.1% on a quarterly basis (QoQ). Infosys has released the results of Q1FY25 i.e. the first quarter of financial year 2025 on Thursday (July 18).
Infosys shares rose 17% in a month
Infosys shares closed 2.20% higher at Rs 1,764 today before the results were announced. The company’s shares have risen 17% in a month. The stock has risen only 7% in 6 months. At the same time, Infosys shares have increased by 19.58% in the last one year.
The number of employees decreased for the sixth consecutive quarter
The number of employees in the Salil Parekh-led company has declined for the sixth consecutive quarter. There has been a reduction of 1908 employees in the first quarter of FY25. With this decline, the total number of Infosys employees has increased to 3,15,332.
Infosys’ income increased by 3.6% to ₹39,315 crore
- Infosys’ revenue in the first quarter increased by 3.6% year-on-year to Rs 39,315 crore, compared to Rs 37,933 crore in the same quarter last year.
- The company’s income in the last quarter (Q4FY24) was Rs 37,923 crore. That means the company’s income has increased by 3.7% in Q1FY25 compared to Q4FY24.
Focused approach on generative AI paid off
Salil Parekh, CEO and MD of the company, said, “We have made a great start to FY 2025 with strong and broad based growth, operating margin expansion, big deals and highest ever cash generation. Our focused approach to generative AI also paid off.
