Infosys, on Thursday, reported an 8% year-on-year (YoY) growth in consolidated net profit for the quarter ended March 2023 at Rs 6,128 crore. Consolidated revenue for the period increased by 16% on year to Rs 37,441 crore.

The bottomline was lower than an ETNow poll of Rs 6,550 crore.

For FY24, the company has guided for sales to grow by a mere 4-7% in constant currency terms, which highlights the challenges it oversees for business in the current year. Operating margin is expected to be in the range of 20-22%.

The board has approved a final dividend of Rs 17.50 a share for the financial year ended March.

More to come…