Infosys Q4 Results: Company Reports Growth of 15.4% in Constant Currency and Operating Margins of 21.0%

Infosys delivered $18.2 billion in FY23 revenues with industry-leading growth of 15.4% in constant currency and operating margins of 21.0%. Growth was broad-based across industry verticals and geographical regions. Digital comprised 62.2% of overall revenues and grew at 25.6% in constant currency. Q4 year on year growth was 8.8% and sequential decline was 3.2% in constant currency terms. Operating margin for the quarter was 21.0%. Free cash flow conversion was 95.3% for Q4. Continuing the recent trend, attrition declined further in Q4, said a statement from the company.

Key Highlights of Infosys Q4 Results

The company says that the following are some of the important  highlights from the quarter:

• Revenues in CC terms grew by 15.4% YoY.
• Reported revenues at Rs 146,767 crore, growth of 20.7% YoY.
• Digital revenues at 62.2% of total revenues, YoY CC growth of 25.6%.
• Operating margin at 21.1%, decline of 1.9% YoY.
• Basic EPS at Rs 57.63, growth of 9.7% YoY.
• FCF at Rs 20,443 crore, decline of 10.3% YoY FCF conversion at 84.8% of net profit.

“Our strong performance in FY23 is a testimony to the continued focus on digital, cloud and automation capabilities which resonated with our clients. We have launched exciting programs with our clients leveraging generative AI platforms” said Salil Parekh, CEO and MD. “As the environment has changed, we see strong interest from our clients for efficiency, cost and consolidation opportunities, resulting in a strong large deal pipeline. We have expanded our internal program on efficiency and cost to build a path to higher margins in the medium term. We continue to invest in our people and in supporting our clients”, he added.