infosys Share Price Highlights : Infosys stock price went up today, 18 Jul 2024, by 1.93 %. The stock closed at 1725.8 per share. The stock is currently trading at 1759.15 per share. Investors should monitor Infosys stock price closely in the coming days and weeks to see how it reacts to the news
Infosys Share Price Today Live: Infosys has a 15.35% MF holding & 34.10% FII holding as per filings in the march quarter.
The MF holding has increased from 14.77% in december to 15.35% in march quarter.
The FII holding has increased from 33.69% in december to 34.10% in march quarter.
Infosys Share Price Today Live: Infosys achieved a ROE of 32.08% in the most recent fiscal year. The return on investment value was 28.39% in the last fiscal year. The consensus estimates suggest an ROE of 28.94% in the current fiscal year and 30.18% in the upcoming fiscal year.
Infosys share price in focus as jumps over 8% after Q1 results beat estimates
Infosys share price is expected to rise on Friday after its US-listed shares witnessed a sharp rally overnight after the announcement of its Q1 results. Infosys American depository receipts (ADRs) rallied over 8% on the New York Stock Exchange (NYSE) Thursday, its biggest single-day jump in four years after the IT services major beat its revenue estimates for the first quarter of FY25.
Infosys ADRs ended 8.38% at $22.50 during the normal trading hours on NYSE. It gained 0.22% in the after market hours trade and closed at $22.30.
The second largest IT services company in India, Infosys reported a consolidated net profit of ₹6,368 crore in the quarter ending June 30, 2024, registering a growth of 7.1% compared to ₹5,945 crore in the same period last year. However, the company’s bottom line declined 20.1% quarter-on-quarter (QoQ), primarily due to a tax refund boost in the previous quarter.
Infosys Q1FY25 revenue from operations increased 3.7% to ₹39,315 crore from ₹37,923 crore, QoQ. Infosys dollar revenue was at $4,714 million for the quarter, a 2.1% increase from $4,617 million in Q1FY24 and a 3.3% rise from $4,564 million in Q4FY24.
At the operational level, earnings before interest and taxes (EBIT) rose 8.8% to ₹8,288 crore, while EBIT margin improved by 100 bps QoQ to 21.7%.
Infosys raised its revenue growth guidance for FY25, while retaining its margin guidance. The IT major anticipates a constant currency revenue growth of 3% – 4% in FY25 as compared with 1-3% estimated earlier and also projected an operating margin ranging from 20% to 22% for the current financial year.
“We had an excellent start to FY25 with strong and broad-based growth, operating margin expansion, robust large deals, and highest ever cash generation. This is a testimony to our differentiated service offerings, enormous client trust, and relentless execution”, said Salil Parekh, CEO and MD. “With our focused approach for generative AI for enterprises working with their data sets on a cloud foundation, we have strong traction with our clients. This is building on our Topaz and Cobalt capabilities” he added.
Operating margin came in at 21.1 per cent, up 30 basis points over 20.8 per cent in the year-ago quarter. Sequentially, 100 basis. Analysts had expected YoY margin to stay flattish. The second largest IT software exporter gave a revenue growth guidance of 3-4 per cent for FY25 in constant currency (CC) terms. It suggested operating margin of 20-22 per cent for FY25. The IT firm had suggested FY25 revenue growth guidance of 1-3 per cent early.
For the June quarter, Infosys reported 3.6 per cent QoQ and 2.5 per cent YoY revenue growth in CC terms. Infosys said its large deal wins stood at $4.1 billion. This was below analyst estimates of $5 billion. Infosys said its free cash flow stood at Rs 9,155 crore, up 59.2 per cent YoY.
Infosys’ total employee stood at Rs 3,15,332, down 3,17,240 over March quarter. Voluntary Attrition (%) 12.7 per cent against 12.6 per cent in March and 17.3 per cent in the June quarter of last year.
“Our relentless drive on cost optimization through Project Maximus, a comprehensive margin expansion program, is reflected in the all-round improvement in key operating metrices leading to 1 per cent growth in operating margin in Q1”, said Jayesh Sanghrajka, CFO. “We had the highest ever FCF generation at $1.1 billion and ROE increased to 33.6% due to higher payouts to investors”, he added.
The IT major will host a press conference at 4.30 pm and a 60-minute conference call later in the day at 6 pm.