The Bengaluru-based tech major has also raised its guidance upwards to 3.75-4% for the current fiscal year.
The company reported strong revenue growth up 3.1% quarter-on-quarter in constant currency in line with analysts estimates. EBIT margin was flat at 21.1%, showing a marginal decline of 0.1% year-on-year.
Operating margins for the quarter were driven by continued benefits from value-based pricing and utilization despite higher employee payouts.
The growth during the quarter was broad-based with good momentum in financial services. Large deal TCV for the quarter stood at $2.4 billion, which is down 41% quarte-on-quarter.
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The company added net of 2456 employees after seven quarters.Analysts said Infosys reported strong H1FY25 performance and also raised the guidance for FY25 but seems a tad lower than expectations.”Good momentum in Financial services in the US and broad-based growth performance augurs well for the company. We believe the company is well positioned to capture cost optimization and transformation opportunities given its strength in industry expertise and market-leading capabilities in the cloud with Cobalt and generative AI with Topaz. We have a Buy rating on the stock,” said Shaji Nair, Research Analyst at Sharekhan by BNP Paribas.
Along with the quarterly results, the company had also announced an interim dividend of Rs 21 per share and fixed October 29 as the record date for the same.
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