Good news for Narayana Murthy as Infosys' profit rises 9% to Rs...; revenue up by...

Infosys, India's second-largest IT services firm, has reported nearly 9 per cent (8.7) increase in consolidated net profit in the June quarter to Rs 6,921 crore, as the IT services firm forecast a 1-3 per cent revenue growth for the full FY26. The Bengaluru-headquartered firm had logged a net profit (attributable to owners of the company) of Rs 6,368 crore in the year-ago period, according to a regulatory filing.

Infosys' revenue

Infosys' revenue from operations for the quarter under review increased 7.53 per cent to Rs 42,279 crore, compared to Rs 39,315 crore in Q1 FY25. Seen sequentially, profit fell 1.5 per cent, while revenue rose 3.3 per cent. The company has raised the lower end of revenue growth guidance for FY26 - it now stands at 1-3 per cent in constant currency against 0-3 per cent guided at the beginning of the fiscal year.

Infosys shares

The IT firm shares closed at Rs 1,558.90 apiece on the NSE on Wednesday. The market cap of the company stands at Rs 6.52 lakh crore, as of July 23. The results were announced after the market closed. "Our performance in Q1 demonstrates the strength of our enterprise AI capabilities, the success in client consolidation decisions, and the dedication of our over 300,000 employees. Our large deal wins of USD 3.8 billion reflect our distinct competitive positioning and deep client relationships," Infosys CEO and MD Salil Parekh said.

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(With inputs from PTI)