Infosys Dec quarter revenue grows 14% to $4.6 billion

BENGALURU: Infosys has recorded a revenue of $4. 6 billion in the December quarter, up 2. 4% in constant currency compared to the preceding quarter, and 13. 7% higher from the year-ago period. This is slightly more than TCS’s numbers — 2. 2% and 13. 5% respectively.

Infosys increased its revenue guidance for FY23 to 16-16. 5% from 15-16% that it had provided when it announced its second quarter results. The company had revised its guidance upwards in the last quarter too.

“We had exceptional growth quarter on quarter. We had very strong large deals. The number of deals at 32 is a testament to the environment for us. Given all those factors, we thought it was right to increase our guidance,” Salil Parekh, CEO of Infosys, told reporters at the earnings press conference. The total contract value of large deals is the highest in eight quarters at $3. 3 billion.