Infosys Q1 result: Infosys' profit rose 7.1% in the first quarter as the company raised growth estimates.

Infosys Q1 Results: IT major Infosys announced its results for the first quarter of the current financial year 2024-25 on Thursday, July 18, 2024. Infosys's profit rose by around 7.1 per cent in the first quarter, according to data released by the company. However, its net profit fell by around 20 percent on a quarterly basis. The company has also increased its growth estimates for the current financial year. Infosys' profit rose 7.1 percent in the first quarter, the stock market reported. 2024-25. The company has also increased its growth estimates for the current financial year. Infosys said in a filing to the stock market that its consolidated net profit increased to Rs 6,368 crore in the June quarter from Rs 5,945 crore in the same quarter last fiscal. Also Read: Small-Cap Penny Stocks Give Investors Bumper Returns, Infosys' Net Profit Drops 20 Percent Quarter-on-Quarter The company posted a net profit of Rs 7,969 crore in the previous March quarter. For the current fiscal, the company has raised its revenue growth estimate to three to four percent in constant currency. Also Read: PO RD Account: Account for just Rs 100, compound interest every 3 months What Infosys CEO Says Salil Parekh, Chief Executive Officer (CEO) and Managing Director (MD), Infosys, is off to a great start. It has strong and broad-based growth, operating margin expansion, strong large deals and high cash generation. This is a testament to our differentiated service offering, immense trust among our clients and consistent performance. Also Read: EPF vs NPS: EPF or NPS, Which is better for your retirement fund? The post Infosys Q1 results: Infosys profits up 7.1% in Q1, company raises growth estimates appeared first on Prabhat Khabar.