Infosys Q4 Results live updates : A Comprehensive Review

 Infosys Q4 Results live updates : A Comprehensive Review

Infosys Q4 results: Introduction

Infosys, the second-largest IT firm by sales, recently announced its *Infosys Q4 results* for the quarter ending March 2023. The company reported a 7.8% year-over-year (YoY) rise in consolidated net profit at Rs 6,128 crore. The *Infosys Q4 results* also revealed a 16% YoY jump in consolidated sales at Rs 37,441 crore. In this article, we will delve into the details of the *Infosys Q4 results*, analyzing the company's performance and its implications.

Infosys Q4 results: Financial Performance

The *Infosys Q4 results* showcased a mixed bag of financial performance. While the company's net profit rose 7.8% YoY, it missed analyst estimates of a 15% growth. The consolidated sales, however, grew 16% YoY, driven by a strong demand for digital services. The *Infosys Q4 results* also revealed that the company's operating profit stood at 21%, down 50 basis points both YoY and QoQ.

Infosys Q4 results: Segment-wise Performance

The *Infosys Q4 results* highlighted varying performances across different segments. The financial services sector, which accounts for 26% of the company's revenue, saw a 1.7% YoY decline. The communication vertical also reported a drop in revenue of over 2%. However, the manufacturing vertical saw a 22% growth, followed by energy and life sciences at 14% each. The retail sector equally did well, registering a 10% YoY growth.

Infosys Q4 results: Geography-wise Performance

The *Infosys Q4 results* revealed diverse performances across geographies. North America reported a 5.7% growth, while Europe saw a 14% growth. India, whose contribution is otherwise minimal, saw an over 13% drop in the quarter.

Infosys Q4 results: Client Acquisition and Attrition

The *Infosys Q4 results* showed that the company added two new clients in the $100 million basket during the quarter. The total client count now stands at 40. The top 5 clients contributed 13% to the overall revenue, while the top 10 clients made up 20%. The voluntary attrition rate dropped sharply to 20.9% on a 12-month trailing basis in the March quarter, from 24.3% in the December quarter.

Infosys Q4 results: Guidance and Outlook

The *Infosys Q4 results* came with a conservative guidance for FY24. The company expects sales to grow by a mere 4-7% in constant currency terms, highlighting the challenges it oversees for business in the current year. Operating margin is expected to be in the range of 20-22%. CEO Salil Parekh stated, "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."

Infosys Q4 results: Conclusion

The *Infosys Q4 results* showcased a mixed performance, with the company missing analyst estimates on profit growth. However, the strong demand for digital services and a robust deal pipeline offer hope for the future. The conservative guidance for FY24 reflects the challenging business environment, but Infosys' focus on cost optimization and operational efficiencies is expected to drive growth. As the company continues to invest in its people and support its clients, the *Infosys Q4 results* serve as a reminder of the need for adaptability and innovation in an ever-evolving market landscape.