Infosys ( (INFY) ) has released its Q3 earnings. Here is a breakdown of the information Infosys presented to its investors.
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Infosys is a global leader in next-generation digital services and consulting, known for its innovative solutions in digital transformation, AI, and cloud services across numerous industries.
Infosys recently announced its Q3 earnings report, showcasing strong financial performance with a revenue of $4,939 million, reflecting a sequential growth of 1.7% and a year-on-year growth of 6.1% in constant currency terms.
The company reported an operating margin of 21.3%, marking a slight increase both sequentially and year-on-year. Notably, free cash flow reached an all-time high of $1,263 million, a remarkable 90% increase year-on-year. Infosys also secured $2.5 billion in large deal wins, indicating significant client engagement and business expansion.
Additionally, Infosys continues to focus on expanding its enterprise AI capabilities, particularly generative AI, which has seen increasing traction among clients. This strategic focus is complemented by a series of significant collaborations, including partnerships with Old National Bank, RheinEnergie, and Microsoft, aimed at driving technological transformations across sectors.
Looking ahead, Infosys maintains a positive outlook with guidance for FY25 revenue growth projected between 4.5% and 5.0% in constant currency and an operating margin expected within 20% to 22%. The company remains committed to leveraging its strategic initiatives to drive sustained growth and innovation.
