New Delhi, Jul 18 (UNI) India’s second largest IT company Infosys reported over seven per cent jump in net profit at Rs 6,368 crore during April-June or Q1 of the current financial year as against Rs 5,945 crore in same quarter of last fiscal, the company said in a regulatory filing with the stock exchanges on Thursday.
The revenue from operations grew at 3.6 per cent at Rs 39,315 crore compared to Rs 37,933 crore during the period under consideration.
“We had an excellent start to FY25 with strong and broad-based growth, operating margin expansion, robust large deals, and highest ever cash generation. This is a testimony to our differentiated service offerings, enormous client trust, and relentless execution,” said Salil Parekh, CEO and MD.
“With our focused approach for generative AI for enterprises working with their data sets on a cloud foundation, we have strong traction with our clients. This is building on our Topaz and Cobalt capabilitie,” he added.
Financial Services contributed highest at 27.5 per cent to the revenues of the company in the first quarter, which is up from 26.4 per cent in the same quarter of last financial year.
In terms of ‘Revenue by Client Geography’, North America market continues to be on the top with 58.9 per cent of revenue in April-June quarter, marginally lower than 59.6 per cent during same period of last financial year. Revenue from Europe remained nearly same at 28.4 per cent in Q1 compared to 28.6 per cent in Q1 of last fiscal.
Revenue from India has gone up to 3.1 per cent from 2.2 per cent, the company said.
“Our relentless drive on cost optimization through Project Maximus, a comprehensive margin expansion program, is reflected in the all-round improvement in key operating metrices leading to 1.0 per cent growth in operating margin in Q1,” said Jayesh Sanghrajka, CFO.
Infosys has completed the acquisition of in-tech, a leading Engineering R&D services provider focused on German automotive industry. This follows the announcement the company made on April 18, 2024.
Headquartered in Germany, in-tech, is one of the fastest growing Engineering R&D services providers that shapes digitization in the automotive, rail transport and smart industry sectors. in-tech develops solutions in e-mobility, connected and autonomous driving, electric vehicles, off-road vehicles and railroad.
in-tech brings to Infosys, marquee German original equipment manufacturers, deep client relationships, and an extensive industry expertise with a multidisciplinary team of 2,200 people across locations in Germany, Austria, China, UK, and nearshore locations in Czech Republic, Romania, Spain, and India.
The entire shareholding in in-tech Group India Private Limited, a step-down subsidiary of in-tech Holding GmbH, will be acquired by Infosys Limited. Infosys is delighted to welcome in-tech and its leadership team.
