Infosys Q3 Financial Highlights

IT giant Infosys has announced an impressive 11.46% increase in its consolidated net profit for the December quarter of FY25, reaching Rs 6,806 crore. This growth is attributed to significant advancements in the financial services and manufacturing sectors. Comparatively, the company had recorded a profit of Rs 6,106 crore in the same quarter of the previous fiscal year.

Revenue Growth and Sector Contributions

Revenue from operations for the quarter stood at Rs 41,764 crore, marking a 7.58% increase from Rs 38,821 crore in Q3 FY24. The financial services and manufacturing sectors were the primary contributors, accounting for 27.8% and 15.5% of the revenue, respectively.

Geographical Expansion and Future Outlook

Infosys has witnessed double-digit year-on-year growth in India and Europe, with North America experiencing a nearly 5% annual growth. CEO and MD Salil Parekh highlighted the company's strong performance in the US financial services and the revival in European financial services. The company has raised its revenue growth guidance for FY25 to 4.5-5%, up from the previous 3.75-4.50%.

Strategic Hiring and Visa Independence

Infosys added 5,591 employees in the quarter, aiming for over 15,000 hires in the current fiscal year. CFO Jayesh Sanghrajka emphasized the company's reduced dependence on H1B visas, showcasing a resilient operational model with a significant increase in near-shore and US-onsite populations.