Infosys Q4 Results Live Updates: Company won deals worth $17.7 billion in FY24
Free cash flow of $848 million in Q4 was highest in the last 11 quarters driven by our relentless focus toimprove working capital cycle. Consistent with the objective of giving high and predictable returns toshareholders, the Board has approved the capital allocation policy under which the company expects toreturn 85% over the next 5 years and progressively increase annual Dividend Per Share. Operating margin expansion in the medium-term and improving cash generation continue to remain our priorities underpinned by early success in Project Maximus.
– Jayesh Sanghrajka, CFO, Infosys
We delivered the highest ever large deal value in the financial year 2024. This reflects the strong trustclients have in us. Our capabilities in Generative AI continue to expand. We are working on clientprograms, leveraging large language models with impact across software engineering, processoptimization, and customer support. I would like to thank our 317,000 employees across the world that are working to create value for our clients.
– Salil Parekh, CEO and MD, Infosys
Infosys Q4 Results Live Updates: Key financial highlights
- Revenues in CC terms remained flat YoY and declined by 2.2% QoQ
- Reported revenues at Rs 37,923 crore, growth of 1.3% YoY
- Operating margin at 20.1%, decline of 0.9% YoY and 0.4% QoQ
- Basic EPS at Rs 19.25, increase of 30.2% YoY
- FCF at Rs 7,032 crore, growth of 20.3% YoY; FCF conversion at 88.2% of net profit
Infosys Q4 Results Live Updates: Strong large deal TCV of $4.5 billion in Q4 and record $17.7 billion in FY24 create foundation for growthFY25 guidance – revenue growth of 1%-3% and operating margin of 20%-22%
Infosys Q4 Results Live Updates: Key Highlights
Infosys Q4 Results Live Updates: Co approved acquisition of in-tech Holding GmbH engaged in Engineering R&D services
Infosys Q4 Results: Profit jumps 30% YoY to Rs 7,969 crore; co sees FY25 revenue growth at 1-3%
Infosys Q4 Results Live Updates: PAT at Rs 7970 cr vs ET NOW poll of Rs 6215 cr
Infosys announces dividend
Infosys Q4 Results Live Updates: How MF, promoter holding changed for Infy in Q4
- Mutual Fund Holding decreased by 0.21% in the last quarter to 18.29.
- Promoter Share Holding decreased by 0.11% in the most recent quarter to 14.78%.
- Source: Trendlyne
Infosys Q4 Results Live Updates: Amit Goel, Co-Founder and Chief Global Strategist at Pace 360 on expectations from Infosys
Meanwhile, Infosys’ revenue for the fourth quarter of FY24 is anticipated to decline by 0.3% sequentially to Rs 38,576 crore for the same period.
In terms of net profit margins, TCS is expected to experience a modest increase to 20.3% for the reviewed quarter, compared to 18.32% in the December 2023 quarter. Conversely, Infosys’ net profit margins are projected to reach 15.97% for the given quarter, compared to 15.73% in the preceding quarter.
While TCS has already declared its results, the market is still awaiting Infosys’ results. This comparison highlights TCS’s stronger performance in terms of both profit margins and revenue growth anticipation, indicating potential market advantages for TCS over Infosys in the upcoming period.
Infosys Q4 Results Live Updates: How analysts rate Infosys
- Consensus recommendation is HOLD
- Source: Trendlyne
Infosys Q4 Results Live Updates: Infosys ends in the green ahead of Q4
Infosys Q4 Results Live Updates: How IT stocks are moving ahead of Infy results
Infosys Q4 Results Live Updates: Infosys shares hold gains even as market gyrates
Infosys Q4 Results Live Updates: Infosys FY25 | What To Watch
- FY25 Client Budgets
- Headcount trend- senior management attrition
- Deal Win Momentum
- Progress on Project Maximus
- FY25 Revenue Guidance expected 2.5-5.5%; EBIT margin guidance band to 20.5-22.5%
- (Source: ET NOW)
Infosys Q4 Results Live Updates: ET NOW on Q4 Expectations from Infosys
- Seasonally Weak Qtr and weak discretionary demand to impair demand Lower revenues from the sale of third-party software
- Expect 40 bps decline due to wage revision impact (effective Nov)
- Absence of one-time cyber security related cost incurred in 3Q to aid margins Expect large deal TCV of US$2-4 bn
Infosys Q4 Results Live Updates | Q4 FY24 Consolidated QoQ performance
- Total Vols up 24.4% YoY; Down 11% QoQ
- US Revenue at $4640 mn vs $4663 mn; down 0.5%
- Rupee Revenue at 38750 cr vs 38821; down 0.2%
- EBIT Margin at 20.7% vs 20.5%; up 20 bps
- PAT at Rs 6215 cr vs Rs 6106 cr; up 1.7%
- Source: ET NOW
Infosys Q4 Results Live Updates: ICICI Sec on Infosys’ Q4 show
- We build in 1.2% USD/CC QoQ revenue contraction. We expect some traction in communication (ramp up from liberty deal), BFSI (from deals announced in Q4). We expect 2% YoY USD growth, landing in the upper end of the guided range of 1.5-2% for FY25E. We build in USD 4.6mn revenue from inSemi acquisition for Q4E.
- We expect EBIT margin to contract marginally by 20bps QoQ due to continued wage hike and slow growth.
- We await management commentary on: 1) panning out of Liberty deal, 2) FY25 revenue growth guidance, 3) inSemi acquisition, 4) enterprise discretionary spending.
Infosys Q4 Results Live Updates: Infosys shares jumped 1% ahead of Q4 results today
Infosys Q4 Results Live Updates: MOSL on likely guidance by Infosys and what to expect from quarterly show
- Revenue growth is expected to be weak at -0.1% QoQ CC, on account of ongoing macro challenges and delays in the ramp-up of large deals.
- The deal pipeline remains healthy, while closure are somewhat challenging due to slower decision-making processes and furloughs. Nevertheless, the conversion rate remains on track.
- Operating margin should remain stable, due to weak growth. We expect the operating margin to be flat QoQ at 20.5%.
- We expect the company to provide initial FY25 revenue growth guidance band of 5-7%, factoring in deal scale up along with initial caution.
Infosys Q4 Results Live Updates: JM Financial on Infosys Q4 show
I think clearly, the market is going into the result season with muted expectations, particularly from the names like Infosys and MindTree and whole host of companies. I think HCL Tech and TCS were the only two ones where the growth expectations were slightly better. If at all somebody has to take exposure in IT, I think surely TCS is a better bet.
– Hemang Jani, Independent market expert
Infosys Q4 Results Live Updates: What does KIE expect from Infosys? Read this
- Revenue is forecasted to decline by 1.5% sequentially for Infosys.
- March quarter typically experiences seasonal weakness for the company.
- Factors contributing to the sequential decline include lower revenues from third-party software sales and weak discretionary spending.
- Adjusted EBIT margin was 21.1% in the December quarter after adjustment for malware attack impact.
- Predicted 40 bps decline in EBIT margin due to wage revision impact and lack of growth leverage.
- Expectation of a large deal Total Contract Value (TCV) of $3 billion.
- Focus on translating revenues from large deals signed in previous quarters into actual revenues.
Infosys Q4 Results Live Updates: Nirmal Bang’s expectations from Q4 results
- Expected FY25 revenue growth guidance for Infosys to be maintained within the 4-7% CC range, with margin guidance similar to FY24 (20-22% EBIT margin).
- Perceived downside risk on revenue post commentary from global IT Services players like Accenture, Capgemini, and Cognizant.
- Predict ~1.2% QoQ CC revenue growth for Infosys, with a 25 bps cross-currency tailwind. Anticipate EBIT margin expansion by 20 bps QoQ to 20.7%.
- Large deal Total Contract Value (TCV) in 3QFY24 at $3.2 billion, expected in the $2-3 billion range for 4QFY24.
Infosys Q4 Results Live Updates: Nirmal Bang on what to watch out for in Infosys’ Q4 earnings
- Key areas to watch: Guidance for FY25, timing and extent of salary hikes in FY25, and impact of margin improvement program in FY25.
Infosys Q4 Results Live Updates: What BNP Paribas anticpates from Infosys Q4 show
- Expected QoQ decline in USD revenue of 0.4% (-0.5% in CC) due to reduced discretionary tech spending, furlough extensions, and project ramp downs, partially offset by large deals ramp-up.
- Anticipated 25 bps QoQ decline in EBIT margin to 20.3% due to subdued revenue growth, wage hike impact, and visa costs.
- Notable net one-time tax refund of Rs 33 billion disclosed by the company (not factored into PAT estimates).
- FY25 guidance: Predicted 3-5% CC revenue growth and a margin band of 20-22%.
Infosys Q4 Results Live Updates: KIE sees 2-5% revenue growth guidance for FY25
Infosys Q4 Results Live Updates: Infy stock trades marginally higher ahead of earnings announcement
Infosys Q4 Results Live Updates: Timings for Infosys Q4 earnings
Press conference | (4:30 p.m. IST; 7:00 a.m. ET)
The leadership team will be part of a press conference at 4:30 p.m. IST on April 18, 2024. The participating executives will address questions from the media during this interaction, which will be streamed live on the Investor Relations section of Infosys website, following which it will be archived here. The archive will be available after 6:30 p.m. IST on April 18, 2024 (after 9:00 a.m. ET).
Infosys Q4 Results Live Updates: Here’s what Infosys numbers could look like on QoQ & YoY basis
- For the quarter ending in March, it’s anticipated that the company’s consolidated revenue will experience a sequential decrease of 0.4%, while showing a year-on-year growth of 3.2% to Rs 38,650 crore, based on the average estimates provided by 10 brokerage firms.
- The consolidated net profit is expected to remain relatively unchanged sequentially and decline by 0.5% year-on-year to Rs 6,103 crore. Operating margin is projected to see a slight sequential improvement from 20.5%, attributed to cross-currency tailwinds.