Infosys Q4 Results: Key Highlights and Analysis
Strong Revenue and Profit Growth
IT services company Infosys posted impressive financial results for the fourth quarter (Q4) of FY2023, with its net profit surging by 30% year-over-year (YoY) to INR 7,969 crore. The company's revenue also witnessed a healthy growth of 12%, reaching INR 38,916 crore.
Share Price Performance
Ahead of the Q4 results announcement, Infosys shares gained over 2% on Thursday. The share price closed at INR 1,660.30 on the BSE, an increase of INR 33.95 per share.
Dividend Announcement
Infosys announced a final dividend of INR 20 per equity share for the financial year. This dividend is subject to the approval of shareholders at the company's annual general meeting.
Other Key Highlights
- Digital revenues grew by 22.2% YoY, contributing 61.8% to the overall revenue.
- Operating profit margin expanded by 70 basis points to 22.6%.
- The company added 11,864 net employees during the quarter.
- Infosys' attrition rate for the trailing twelve months stood at 24.3%.
- Infosys expects revenue growth of 15-17% in constant currency terms for FY2024.
Infosys' strong Q4 results and positive outlook are a testament to the company's robust financial position and its ability to navigate the challenging economic environment.
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