In the previous quarter, the company had set its revenue growth guidance at 0-3 percent in constant currency for FY26. As of Q1FY26, Infosys has retained its operating margin guidance at 20-22 percent.
The sector appears to be stuck in a situation where it is seeing strong demand along with uncertain deal closure timelines. Analysts say the sector's growth will fall from double-digits to lower single-digit levels in FY24
CEO Salil Parekh said they see clients stopping or slowing down transformation programs and discretionary works — particularly in financial services in mortgages, asset management, investment banking and payments and in telecom.
Attrition for the quarter continued its downward trend and came in at 17.3 percent, from last quarter’s 20.9 percent.
Q1 FY23-24 Earnings Season: Watch the detailed analysis of Infosys Q1 numbers, management commentary and growth guidance here.
The IT major, which only reports the total contract value (TCV) of its large deals, reported a TCV of $2.3 billion, which is up from last quarter’s $2.1 billion.
Infosys’ attrition has elevated for a few quarters — 25.5 percent in Q3FY21, 20.1 percent in Q2FY22, and 13.9 percent in Q1FY22.
IT bellwether Infosys today reported a 9.72% growth in its consolidated net profit to Rs 1,906 crore for the second quarter ended September 30.
"It's the big day today with Infosys results coming up and we will probably get decent set of numbers backed by the present scenario of rupee," says CNBC-TV18's Udayan Mukherjee.
On the first quarter results of Infosys Technologies, the CEO of Infosys BPO, Swaminathan D, tells CNBC-TV18 that the company has grown by 16% and that eight new clients have been added.
IT bellwether Infosys declared its results for the first quarter of the financial year 2011-12. The management said, this quarter Europe, in reported currency terms, was weak or flat. “It is not surprising, given the current sentiments in Europe. But at the same time, if you look at core businesses, we see a fair degree of stability.”
In an interview with CNBC-TV18, IT bellwether’s management spoke about the quarter gone by and gave their outlook going forward. The management said the company had achieved upper end of the guidance.
Infosys reported a set of pretty unexciting numbers and has predicted that the coming quarters too will be as unexciting. Just missing expectations with a 15.4% rise in profit in the first quarter (April to June) of fiscal year 2012, Infosys reported PAT at Rs 1,720 crore and revenues at Rs 7,485 crore.
Hitesh Shah, Director of IDFC Securities spoke to CNBC-TV18 about Infosys' first quarterly earnings and whether it was inline with his expectations.
CNBC-TV18’s managing editor Udayan Mukherjee thinks it’s a sideshow today as Infosys is an important stock with significant weightage on the index. It’s the first of the big earnings post HDFC which is coming in for IT.