Infosys Q3FY24 results: Net profit drops 7.3%, revenue rises 1.3%

IT major Infosys on Thursday announced a 7.3 per cent fall in its net consolidated profit in the October-December quarter to Rs 6,106 crore as compared to Rs 6,586 crore in the same quarter in 2022-23 (FY23).

The company’s operating margin for the quarter was 20.5 per cent, a sequential decline of 100 basis points (bps) as compared to the previous year. Sequentially, the margin was down by 70 bps.

Infosys revised the FY24 revenue guidance to 1.5 per cent to 2 per cent in constant currency and operating margin guidance at 20 per cent to 22 per cent.