Infosys: Growth of 4.2% in CC, operating margin expansion of 0.5% in FY25
17 april, 15:51
17 april, 15:51
Infosys: Growth of 4.2% in CC, operating margin expansion of 0.5% in FY25
PR Newswire
BENGALURU, India, April 17, 2025
- Highest ever Free Cash Flow at $4.1 billion for FY25
- FY26 revenue guidance at 0%-3% and operating margin at 20%-22%
BENGALURU, India , April 17, 2025 /PRNewswire/ -- Infosys (NSE: INFY), (BSE: INFY), (NYSE: INFY), a global leader in next-generation digital services and consulting, delivered $19,277 million in FY25 revenues, growth of 4.2% in constant currency. Operating margin was at 21.1%, expansion of 0.5% year on year. Free cash flow was the highest ever at $4,088 million , an increase of 41.8% year on year. TCV of large deal wins was $11.6 billion for the year, with 56% net new.
Q4 revenues were $4,730 million , an increase of 4.8% year on year in constant currency and 3.6% in reported terms. Operating margin was at 21.0%, an increase of 0.9% year on year.
"We have built a resilient organization with sharp focus on client-centricity and responsiveness to the market, thanks to the trust of our clients and dedication of our employees. Our performance for the year has been robust in terms of revenues, expansion in operating margins and highest ever free cash generation", said Salil Parekh , CEO and MD . "Our depth in AI, cloud and digital and strength in cost efficiency, automation, and consolidation position us well for the needs of our clients", he added.
4.2% FY | 21.1% FY | 8.3% FY | $11.6 Bn FY | $4.1 Bn FY |
Guidance for FY26:
Key highlights:
For the quarter ended March 31, 2025 Revenues in CC terms grew by 4.8% YoY and declined by 3.5% QoQ Reported revenues at $4,730 million, growth of 3.6% YoY Operating margin at 21.0%, increase of 0.9% YoY and decline of 0.3% QoQ Basic EPS at $0.20, decline of 15.2% YoY FCF at $892 million, growth of 5.2% YoY; FCF conversion at 109.6% of net profit | For the year ended March 31, 2025 Revenues in CC terms grew by 4.2% YoY Reported revenues at $19,277 million, growth of 3.9% YoY Operating margin at 21.1%, growth of 0.5% YoY Basic EPS at $0.76, decline of 0.3% YoY FCF at $4,088 million, growth of 41.8% YoY; FCF conversion at 129.3% of net profit |
"FY25 operating margins expanded by 0.5% which reflects our relentless focus on identifying opportunities for efficiency and executing Project Maximus with discipline, after navigating through multiple headwinds in a challenging macro environment. We delivered the highest ever free cash flows in the history of the company in FY25," said Jayesh Sanghrajka , CFO . The Board has proposed a final dividend of `22, which along with the interim dividend, is an increase of 13.2% over last year," he added.
*EPS Increase post normalization of Income Tax refunds
1. Client wins & Testimonials
2. Recognitions & Awards
Brand
AI and Cloud Services
Key Digital Services
Industry & Solutions
Read more about our Awards & Recognitions here .
About Infosys
Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.
Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.
Safe HarborCertain statements in this release concerning our future growth prospects, our future financial or operating performance, the McCamish cybersecurity incident are forward looking statements intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, increased competition for talent, our ability to attract and retain personnel, increase in wages, investments to reskill our employees, our ability to effectively implement a hybrid working model, economic uncertainties and geo-political situations, technological disruptions and innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, our corporate actions including acquisitions, the amount of any additional costs, including indemnities or damages or claims, resulting directly or indirectly from the McCamish cybersecurity incident and the outcome and effect of related litigation. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2024 . These filings are available at https://www.sec.gov/ . Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.
Infosys Limited and subsidiaries | ||
March 31, 2025 | March 31, 2024 | |
ASSETS | ||
Current assets | ||
Cash and cash equivalents | 2,861 | 1,773 |
Current investments | 1,460 | 1,548 |
Trade receivables | 3,645 | 3,620 |
Unbilled revenue | 1,503 | 1,531 |
Other current assets | 1,890 | 2,250 |
Total current assets | 11,359 | 10,722 |
Non-current assets | ||
Property, plant and equipment and Right-of-use assets | 2,235 | 2,323 |
Goodwill and other Intangible assets | 1,505 | 1,042 |
Non-current investments | 1,294 | 1,404 |
Unbilled revenue | 261 | 213 |
Other non-current assets | 765 | 819 |
Total non-current assets | 6,060 | 5,801 |
Total assets | 17,419 | 16,523 |
LIABILITIES AND EQUITY | ||
Current liabilities | ||
Trade payables | 487 | 474 |
Unearned revenue | 994 | 880 |
Employee benefit obligations | 340 | 314 |
Other current liabilities and provisions | 3,191 | 2,983 |
Total current liabilities | 5,012 | 4,651 |
Non-current liabilities | ||
Lease liabilities | 675 | 767 |
Other non-current liabilities | 477 | 500 |
Total non-current liabilities | 1,152 | 1,267 |
Total liabilities | 6,164 | 5,918 |
Total equity attributable to equity holders of the company | 11,205 | 10,559 |
Non-controlling interests | 50 | 46 |
Total equity | 11,255 | 10,605 |
Total liabilities and equity | 17,419 | 16,523 |
Extracted from the Condensed Consolidated statement of Comprehensive Income under IFRS for | ||||
(Dollars in millions except per equity share data) | ||||
3 months ended | 3 months ended | 3 months ended | Year ended | |
Revenues | 4,730 | 4,564 | 19,277 | 18,562 |
Cost of sales | 3,302 | 3,219 | 13,405 | 12,975 |
Gross profit | 1,428 | 1,345 | 5,872 | 5,587 |
Operating expenses: | ||||
Selling and marketing expenses | 226 | 209 | 898 | 842 |
Administrative expenses | 210 | 219 | 903 | 911 |
Total operating expenses | 436 | 428 | 1,801 | 1,753 |
Operating profit | 992 | 917 | 4,071 | 3,834 |
Other income, net (3) (4) | 125 | 315 | 376 | 512 |
Profit before income taxes | 1,117 | 1,232 | 4,447 | 4,346 |
Income tax expense (4) | 303 | 273 | 1,285 | 1,177 |
Net profit (before minority interest) | 814 | 959 | 3,162 | 3,169 |
Net profit (after minority interest) | 813 | 958 | 3,158 | 3,167 |
Basic EPS ($) (4) | 0.2 | 0.23 | 0.76 | 0.77 |
Diluted EPS ($) (4) | 0.2 | 0.23 | 0.76 | 0.76 |
NOTES:
Logo: https://mma.prnewswire.com/media/633365/4364085/Infosys_Logo.jpg
SOURCE Infosys
17 april, 15:51
Infosys: Growth of 4.2% in CC, operating margin expansion of 0.5% in FY25
PR Newswire
BENGALURU, India, April 17, 2025
- Highest ever Free Cash Flow at $4.1 billion for FY25
- FY26 revenue guidance at 0%-3% and operating margin at 20%-22%
BENGALURU, India , April 17, 2025 /PRNewswire/ -- Infosys (NSE: INFY), (BSE: INFY), (NYSE: INFY), a global leader in next-generation digital services and consulting, delivered $19,277 million in FY25 revenues, growth of 4.2% in constant currency. Operating margin was at 21.1%, expansion of 0.5% year on year. Free cash flow was the highest ever at $4,088 million , an increase of 41.8% year on year. TCV of large deal wins was $11.6 billion for the year, with 56% net new.
Q4 revenues were $4,730 million , an increase of 4.8% year on year in constant currency and 3.6% in reported terms. Operating margin was at 21.0%, an increase of 0.9% year on year.
"We have built a resilient organization with sharp focus on client-centricity and responsiveness to the market, thanks to the trust of our clients and dedication of our employees. Our performance for the year has been robust in terms of revenues, expansion in operating margins and highest ever free cash generation", said Salil Parekh , CEO and MD . "Our depth in AI, cloud and digital and strength in cost efficiency, automation, and consolidation position us well for the needs of our clients", he added.
4.2% FY | 21.1% FY | 8.3% FY | $11.6 Bn FY | $4.1 Bn FY |
Guidance for FY26:
Key highlights:
For the quarter ended March 31, 2025 Revenues in CC terms grew by 4.8% YoY and declined by 3.5% QoQ Reported revenues at $4,730 million, growth of 3.6% YoY Operating margin at 21.0%, increase of 0.9% YoY and decline of 0.3% QoQ Basic EPS at $0.20, decline of 15.2% YoY FCF at $892 million, growth of 5.2% YoY; FCF conversion at 109.6% of net profit | For the year ended March 31, 2025 Revenues in CC terms grew by 4.2% YoY Reported revenues at $19,277 million, growth of 3.9% YoY Operating margin at 21.1%, growth of 0.5% YoY Basic EPS at $0.76, decline of 0.3% YoY FCF at $4,088 million, growth of 41.8% YoY; FCF conversion at 129.3% of net profit |
"FY25 operating margins expanded by 0.5% which reflects our relentless focus on identifying opportunities for efficiency and executing Project Maximus with discipline, after navigating through multiple headwinds in a challenging macro environment. We delivered the highest ever free cash flows in the history of the company in FY25," said Jayesh Sanghrajka , CFO . The Board has proposed a final dividend of `22, which along with the interim dividend, is an increase of 13.2% over last year," he added.
*EPS Increase post normalization of Income Tax refunds
1. Client wins & Testimonials
2. Recognitions & Awards
Brand
AI and Cloud Services
Key Digital Services
Industry & Solutions
Read more about our Awards & Recognitions here .
About Infosys
Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.
Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.
Safe HarborCertain statements in this release concerning our future growth prospects, our future financial or operating performance, the McCamish cybersecurity incident are forward looking statements intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, increased competition for talent, our ability to attract and retain personnel, increase in wages, investments to reskill our employees, our ability to effectively implement a hybrid working model, economic uncertainties and geo-political situations, technological disruptions and innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, our corporate actions including acquisitions, the amount of any additional costs, including indemnities or damages or claims, resulting directly or indirectly from the McCamish cybersecurity incident and the outcome and effect of related litigation. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2024 . These filings are available at https://www.sec.gov/ . Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.
Infosys Limited and subsidiaries | ||
March 31, 2025 | March 31, 2024 | |
ASSETS | ||
Current assets | ||
Cash and cash equivalents | 2,861 | 1,773 |
Current investments | 1,460 | 1,548 |
Trade receivables | 3,645 | 3,620 |
Unbilled revenue | 1,503 | 1,531 |
Other current assets | 1,890 | 2,250 |
Total current assets | 11,359 | 10,722 |
Non-current assets | ||
Property, plant and equipment and Right-of-use assets | 2,235 | 2,323 |
Goodwill and other Intangible assets | 1,505 | 1,042 |
Non-current investments | 1,294 | 1,404 |
Unbilled revenue | 261 | 213 |
Other non-current assets | 765 | 819 |
Total non-current assets | 6,060 | 5,801 |
Total assets | 17,419 | 16,523 |
LIABILITIES AND EQUITY | ||
Current liabilities | ||
Trade payables | 487 | 474 |
Unearned revenue | 994 | 880 |
Employee benefit obligations | 340 | 314 |
Other current liabilities and provisions | 3,191 | 2,983 |
Total current liabilities | 5,012 | 4,651 |
Non-current liabilities | ||
Lease liabilities | 675 | 767 |
Other non-current liabilities | 477 | 500 |
Total non-current liabilities | 1,152 | 1,267 |
Total liabilities | 6,164 | 5,918 |
Total equity attributable to equity holders of the company | 11,205 | 10,559 |
Non-controlling interests | 50 | 46 |
Total equity | 11,255 | 10,605 |
Total liabilities and equity | 17,419 | 16,523 |
Extracted from the Condensed Consolidated statement of Comprehensive Income under IFRS for | ||||
(Dollars in millions except per equity share data) | ||||
3 months ended | 3 months ended | 3 months ended | Year ended | |
Revenues | 4,730 | 4,564 | 19,277 | 18,562 |
Cost of sales | 3,302 | 3,219 | 13,405 | 12,975 |
Gross profit | 1,428 | 1,345 | 5,872 | 5,587 |
Operating expenses: | ||||
Selling and marketing expenses | 226 | 209 | 898 | 842 |
Administrative expenses | 210 | 219 | 903 | 911 |
Total operating expenses | 436 | 428 | 1,801 | 1,753 |
Operating profit | 992 | 917 | 4,071 | 3,834 |
Other income, net (3) (4) | 125 | 315 | 376 | 512 |
Profit before income taxes | 1,117 | 1,232 | 4,447 | 4,346 |
Income tax expense (4) | 303 | 273 | 1,285 | 1,177 |
Net profit (before minority interest) | 814 | 959 | 3,162 | 3,169 |
Net profit (after minority interest) | 813 | 958 | 3,158 | 3,167 |
Basic EPS ($) (4) | 0.2 | 0.23 | 0.76 | 0.77 |
Diluted EPS ($) (4) | 0.2 | 0.23 | 0.76 | 0.76 |
NOTES:
Logo: https://mma.prnewswire.com/media/633365/4364085/Infosys_Logo.jpg
SOURCE Infosys
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