Bengaluru: Infosys raises FY23 revenue forecast after robust quarter 1

BENGALURU: Infosys’s revenue growth for the June quarter blew past that of all its Indian peers. At 21.4%, constant currency year-on-year revenue growth was 4 percentage points more than that of the second best, Wipro. At 5.5%, constant currency sequential growth was 2 percentage points more than that of the second best, HCL and TCS.

In reported terms, Infosys’s revenue grew 17.5% year-on-year to $4.4 billion. Based on the Q1 results and future visibility around orders, the company has raised its revenue guidance for 2022-23 to 14%-16%, from 13%-15% that it had provided in April.

CEO and MD Salil Parekh said the company is clearly gaining market share.The One Infosys approach is one that brings together many teams to deliver the most appropriate solution to customers,