Bengaluru-based IT services provider Infosys Ltd. now expects its full year revenue growth to be between 1% to 2% from the earlier projection of 1.5% to 3%. EBIT margin guidance has been maintained between 20% to 22%.
Most other parameters of the company were in-line with analyst expectations.
In US Dollar terms, Infosys reported revenue of $5,145 million. A CNBC-TV18 poll had projected the figure to be $5,151 million. On a sequential basis, US Dollar revenue grew by 1.3%.
Revenue for the quarter in rupee terms stood at ₹49,244 crore. That’s a growth of 2.1% from the June quarter, and in-line with analyst expectations of ₹49,194 crore.
Infosys reported EBIT of ₹10,330 crore, up 1.6% on a sequential basis, while the CNBC-TV18 poll had pegged the figure to be ₹10,470 crore, while EBIT margin stood at 21% from 21.1% in the June quarter. The margin figure was lower with the CNBC-TV18 poll estimate of 21.3%.
Infosys reported constant currency revenue growth of 1.2%, while the street was working with a projection of 1.4% on a sequential basis.
During the September quarter, Infosys reported deal wins of $5.2 billion, which is a growth of 68% from last year. This included a mega deal of over $2 billion. 62% of the deal wins during the quarter were net new.
AI now formed 10.5% of the overall topline, taking that figure past the mark of ₹5,000 crore at the end of the September quarter.
Shares of Infosys ended little changed on Friday ahead of their results announcement at ₹1,153.8. The stock had opened higher after the AI-led sell-off overnight, but gave up all those gains to end little changed. The stock is down 29% so far this year.
This story is breaking news and will be updated with more details.