Impressive Growth And Revised Guidance: Infosys Share Q1 Results

Exciting news for Infosys Share investors! In 1st quarter, they experienced an incredible 10.9% rise in net profit, reaching an impressive Rs 5,945 crore. Although analysts expected more, Infosys surpassed their estimates.

Net sales also rose by 10% comparing to previous year, reaching Rs 37,933 crore. The company's performance was in line with market expectations, making investors happy.

Operating margin stood at 20.8%, slightly lower than the previous quarter but still within analyst predictions.

In dollar terms, revenue reached $4,617 million, with a 1% sequential sales growth in constant currency terms, which was higher than what analysts predicted.

Although Infosys had good results, they decided to lower their revenue guidance for the financial year 2024. Their previous estimate was growth between 4% to 7%, but now they anticipate a lower range of 1% to 3.5%. However, they maintained their Ebit margin guidance at 20-22%.

The company also reported a decline in attrition, showing that employees are sticking around.

Infosys's CEO, Salil Parekh, expressed satisfaction with the Q1 growth and mentioned their successful AI capabilities, especially Topaz, their comprehensive AI offering.

Infosys will hold a press conference and a conference call to discuss their performance and answer questions.

Investors should keep a close eye on Infosys Share as the company's financial results and revised guidance will impact future decisions. It's a critical time to stay informed and analyze the developments.