Infosys, India's second-largest software exporter, raised its sales forecast for the financial year 2024-25 (FY25) to 3.75-4.5 per cent as it beat second-quarter revenue estimates on Thursday amid signs of a revival in demand from key verticals.
This is the second upward revision in the annual revenue forecast in FY25, with the firm earlier projecting 3-4 per cent growth.
The company reported a 4.7 per cent year-on-year (Y-o-Y) increase in net profit at ₹6,506 crore for Q2FY25, missing the estimates. Net profit was up 2.2 per cent compared to the previous quarter. Revenue for the quarter grew to ₹40,986 crore, up 5.1 per cent Y-o-Y and 4.2 per cent sequentially.
Bloomberg had estimated Infosys' revenue to be at ₹40,820.2 crore, and profit at ₹6,831.4 crore.
This story is from the October 18, 2024 edition of Business Standard.
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This story is from the October 18, 2024 edition of Business Standard.
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