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Infosys Q1 profit up 3.2% to Rs 5,360cr; raises FY23 revenue outlook – Times of India

NEW DELHI: India’s second-largest software program companies agency Infosys on Sunday posted a 3.2 per cent yr-on-yr rise in consolidated internet profit to Rs 5,360 crore for the April-June quarter. The Bengaluru-based IT firm’s internet profit stood at Rs 5,195 crore in the identical interval of the earlier yr.
Its revenue rose by 23.6 per cent to Rs 34,470 crore within the simply-ended June quarter, from Rs 27,896 crore within the corresponding quarter of the earlier yr, in accordance to the corporate’s regulatory submitting.
Infosys has raised its full yr FY23 revenue steerage to 14-16 per cent towards 13-15 per cent it had projected earlier, backed by Q1 progress, and robust demand outlook.
“Our strong overall performance in Q1 amidst an uncertain economic environment is a testament to our innate resilience as an organisation, our industry-leading digital capabilities and continued client-relevance,” Salil Parekh, the CEO and MD of Infosys, stated in an announcement.
“We are investing in rapid talent expansion while ensuring rewarding careers for our employees, to better serve evolving market opportunities. This has resulted in a strong performance in Q1 and increase in FY 23 revenue guidance to 14-16 per cent,” Parekh stated.


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