Infosys Results Q3 2024 Date And Time

Infosys Announces Strong Results for the Third Quarter Ended December 31, 2023

Robust Financial Performance Demonstrates Company's Resilience and Growth Momentum

Key Highlights:

Infosys, a global leader in digital services and consulting, has announced its financial results for the third quarter ended December 31, 2023. The company reported a strong financial performance, driven by its continued focus on innovation, customer-centricity, and operational efficiency.

Key financial highlights for the quarter include:

• Revenue grew by 13.2% year-over-year to $4.63 billion.
• Net income increased by 17.5% year-over-year to $973 million.
• Diluted earnings per share (EPS) rose by 19.5% year-over-year to $0.34.
• Operating margin expanded by 100 basis points year-over-year to 21.5%.

Infosys' performance was driven by strong demand for its digital transformation services across all industry verticals. The company continued to invest heavily in its digital capabilities, including cloud, data analytics, and artificial intelligence (AI). These investments have enabled Infosys to deliver innovative solutions that meet the evolving needs of its clients.

"Our strong performance in the third quarter is a testament to the resilience and growth momentum of our business," said Salil Parekh, CEO and Managing Director of Infosys. "We continue to invest in innovation and our people, and we are well-positioned to capitalize on the growing demand for digital transformation services."

Infosys also maintained a strong focus on operational efficiency during the quarter. The company implemented several cost optimization initiatives, which helped to expand its operating margin. Infosys also expanded its global presence, opening new offices in key markets around the world.

Looking ahead, Infosys remains optimistic about its growth prospects. The company expects to continue to benefit from the increasing demand for digital transformation services. Infosys is also well-positioned to leverage its strong financial position and global presence to drive further growth in the coming quarters.