Mumbai14 minutes ago
- copy link
India’s second largest IT company Infosys’ net profit in the April-June quarter has increased by 7.1% year-on-year (YoY) to Rs 6,368 crore. In the same quarter last year (Q1FY24), the company’s net profit was Rs 5,945 crore.
Whereas in the previous quarter (Q4FY24) it was Rs 7,969 crore. That is, 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 the financial year 2025 on Thursday (July 18).
Infosys stock rose 17% in one month
Infosys share closed at Rs 1,764 today, up 2.20% before the results were announced. The company’s share has risen 17% in one month. The share has risen only 7% in 6 months. On the other hand, Infosys share has risen 19.58% in the last one year.
Infosys revenue rises 3.6% to Rs 39,315 crore
- Infosys’ revenue in the first quarter grew 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 previous quarter (Q4FY24) was Rs 37,923 crore. That is, the company’s income has increased by 3.7% in Q1FY25 compared to Q4FY24.
Focused approach on generative AI proved beneficial
Salil Parekh, CEO and MD of the company said- “We have had a great start to FY25 with strong and broad based growth, operating margin expansion, big deals and highest cash generation ever. Our focused approach to generative AI also benefited us.
Source link
[ad_3]
