Infosys to announce Q1 results on July 18

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IT services major Infosys will kick off the first quarter earnings for FY25, announcing its results on July 18.

“A meeting of the Board will be held on July 18 to approve and take on record the consolidated financial results and its subsidiaries for the quarter ending June 2024,” the company said in a filing.

In the recent fourth quarter, the Bengaluru-based company posted a 30% YoY growth in consolidated net profit at Rs 7,969 crore and the revenue from operations in the fourth quarter stood at Rs 37,923 crore, up 1% year-on-year.

The software major forecast that its constant currency revenue growth for FY25 will be around 1-3%. Similarly, the company expects operating margins to be anywhere between 20 and 22% in the current fiscal.

Infosys clocked a deal value of $4.5 billion in the January-March period, with 44% of it being net new ones. FY24 deal value was the highest ever at $17.7 billion, which the company says will create a robust foundation for growth.

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