• 3,000 firms
  • Independent
  • Trusted
Save up to 70% on staff

News » Infosys’ consolidated revenue up 20.2% y-o-y in December quarter

Infosys’ consolidated revenue up 20.2% y-o-y in December quarter

BENGALURU, INDIA — IT giant Infosys reported a 20.2% year-on-year (y-o-y) rise in consolidated revenue for the quarter ending December 2022 to Rs38,318 crore (US$4.71 billion).

Meanwhile, its consolidated net profit rose 13.4% YoY to Rs6,586 crore (US$807.3 million).

“Our revenue growth was strong in the quarter, with both digital business and core services growing,” said Infosys CEO and MD Salil Parekh.

Despite the quarter being a seasonally weak one for the sector, Infosys won deals worth US$3.3 billion, the strongest in the last eight quarters.

“As reflected in the large deals momentum, we continue to gain market share as a trusted transformation and operational partner for our clients,” Parekh added.

Infosys Chief Financial Officer Nilanjan Roy also stated that their operating margins remained “resilient” due to cost optimization benefits which offset the impact of seasonal weakness in operational parameters.

The company’s constant currency (CC) revenue growth rose by 13.7% y-o-y, allowing it to raise its CC revenue growth guidance for the current financial year from 15-16% to 16-16.5% for FY23.

However, Infosys retained its operating margin guidance for FY23 at 21-22%.

As for Infosys’ workforce, Roy said that their attrition rate “reduced meaningfully during the quarter and is expected to decline further in the near term.”

The attrition rate for Infosys dipped to 24.3% y-o-y and 27.1% quarter-on-quarter.

Read more here.

Start your
journey today

  • Independent
  • Free
  • Transparent

About OA

Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO)

The #1 outsourcing authority

Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between Philippines outsourcing suppliers and the businesses – clients – across the globe.

The Outsource Accelerator website has over 5,000 articles, 350+ podcast episodes, and a comprehensive directory with 900+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.

About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.

“Excellent service for outsourcing advice and expertise for my business.”

Learn more
Banner Image
Get 3 Free Quotes Verified Outsourcing Suppliers
3,000 firms.Just 2 minutes to complete.
SAVE UP TO
70% ON STAFF COSTS
Learn more

Connect with over 3,000 outsourcing services providers.

Banner Image

Transform your business with skilled offshore talent.

  • 3,000 firms
  • Simple
  • Transparent
Banner Image