Investing.com – Infosys Limited, a digital services and consulting company, reported third-quarter results that met analyst expectations, while revenue slightly exceeded forecasts. The company’s shares fell 1.75% following the announcement.
For the third quarter, infosys (NS:) reported earnings per share of $0.19, in line with analyst estimates. Revenue came to $4.89 billion, beating the consensus expectation of $4.87 billion. The company achieved 3.3% year-over-year revenue growth in constant currency terms.
Commenting on the results, Infosys CEO and CEO Salil Parekh said, “We had strong growth of 3.1% q-o-q in constant currency in the second quarter. The growth was broad-based with good momentum in financial services “.
The company’s operating margin for the quarter stood at 21.1%, while free cash flow reached $839 million, representing a year-over-year increase of 25.2%. Infosys also reported that the total contract value (TCV) of large deals won amounted to $2.4 billion, of which 41% was net new business.
Looking ahead, Infosys provided revenue guidance for fiscal 2025, expecting growth of 3.75% to 4.50% in constant currency, while maintaining its operating margin guidance between 20% and 22%. %.
Chief Financial Officer Jayesh Sanghrajka highlighted the company’s focus on margin performance, stating: “Operating margins for the quarter were 21.1%, driven by continued benefits from pricing and utilization based in value despite higher employee payments.
The slight drop in Infosys’ share price following the earnings release suggests that investors may have had higher expectations or been cautious about the company’s future prospects.