Infosys BPM saw slowest growth in 6 years as revenue drops from top clients in FY23

Infosys’ business process management (BPM) arm – the largest subsidiary of the IT company – last fiscal year recorded its slowest growth since 2016-17, hurt by a decline in revenue from its top accounts and the nature of deals where the bulk of the proceeds were already accounted for in the previous two years.

Revenue at $934 million for the year ended March 31 grew at 4.2% from the year before. Operating margin of 17% was the narrowest in at least a decade.