Indian tech giant Infosys Ltd announced a 4.7% increase in net profit for the quarter ended September 2024, along with a revised revenue guidance for FY25 on the back of successful mega deals. The company also declared an interim dividend and saw a rise in stock prices following the results announcement. CEO Salil Parekh credited their growth to industry expertise and market-leading capabilities, while CFO Jayesh Sanghrajka highlighted their focus on accelerating revenue growth and margin performance.
Infosys, one of India's largest IT companies, reported a 4.7 per cent rise in net profit in the September quarter. Despite a tough global economic environment, the company added about 2,500 employees in the quarter, reversing a six-quarter hiring downturn. This is an important development for Infosys, which has been struggling to retain employees in recent years. The company's strong financial performance and increase in employee strength signals growth and stability for the IT giant, making it a market leader in the tech industry.