Infosys Q4 Results: Net Profit Jumps 30% to Rs 7969 Crore
Key Highlights
* Infosys reports a 30% YoY growth in consolidated net profit for Q4 FY24, reaching Rs 7969 crore. * Consolidated revenue rises by 9%, standing at Rs 43,704 crore. * The company's digital services segment drives growth, contributing 63.7% to overall revenue.Detailed Analysis
Infosys announced its financial results for the fourth quarter and year ended March 31, 2024, on Thursday, April 18, 2024. The company witnessed a significant 30% year-on-year growth in its consolidated net profit, which reached Rs 7969 crore, surpassing the Rs 6128 crore reported in the same quarter of the previous year.
The consolidated revenue of Infosys also saw a rise of approximately 9%, amounting to Rs 43,704 crore for the quarter under review. This growth was primarily attributed to the company's digital services segment, which accounted for 63.7% of the total revenue.
Commenting on the results, Infosys CEO Salil Parekh stated, "We had a strong fourth quarter, which is a reflection of our continued focus on digital services. Our clients are increasingly looking for partners who can help them transform their businesses in the digital age, and we are well-positioned to meet these needs."
The company's top 10 clients contributed 36.4% to its total revenue during Q4 FY24, highlighting the significance of large enterprise clients in Infosys' business.
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