Infosys Q1 Results Revenue Up 3.67% QoQ and 3.64% YoY

Infosys Q1 Results: Infosys, a large IT company, has shared its financial results, comparing its performance in different quarters and with the same quarter last year. Their Total Revenue, which is the money they made from selling their services, grew by 3.67% from the last quarter (Q-o-Q), and by 3.64% compared to the same quarter last year (Y-o-Y). This means the company is earning more over time.

Infosys Selling, General, and Administrative Expenses, which are costs related to running the company like marketing and management, went up by 5.5% compared to the previous quarter and by 7.96% from last year. This suggests that while they're making more money, they're also spending more to maintain operations.

Infosys’ Operating Income, which is the profit they make after deducting operating expenses from their revenue, increased by 8.75% from the last quarter and by 5.03% from last year. This is a positive sign, showing they’re managing to increase profits.

However, Infosys Net Income Before Taxes dropped by 11.9% from the last quarter, though it grew by 7.88% from last year. Finally, their Net Income, which is the profit after all expenses and taxes, decreased by 20.09% from the previous quarter but increased by 7.12% from last year. Despite some declines, Infosys shows overall growth and continues to make profits.

Here’s the financial data summarized for easier understanding:

Source: Here 

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Infosys Q1 Results 

Infosys Q1 Results: Infosys announced its Q1 financial results for the quarter ending June 30, 2024. The company reported a revenue of ₹39,315 crore, which shows an increase from ₹37,923 crore in the previous quarter (March 2024) and ₹37,933 crore in the same quarter last year (June 2023).

Despite the revenue growth, Infosys saw a decline in profit this quarter. The profit for the period was ₹6,374 crore, down from ₹7,975 crore in the previous quarter. This decline is largely due to a higher tax expense, which increased to ₹2,998 crore in June 2024, compared to ₹1,173 crore in March 2024.

Infosys also reported total expenses of ₹31,132 crore, which is slightly higher than the previous quarter’s expenses. The company’s earnings per share (EPS) also saw a drop, with basic EPS at ₹15.38, down from ₹19.25 in the previous quarter.

The diluted EPS followed a similar trend, falling to ₹15.35. In addition to these results, Infosys reported a small increase in other comprehensive income, bringing the total comprehensive income for the period to ₹6,341 crore. Overall, while revenue grew, increased tax expenses led to a decrease in net profit for Infosys in Q1 2024.

Infosys Q1 Results Overview 

Here’s a simplified financial results for the company based on the provided data:

Infosys Stock Metrics

Infosys’ market capitalization is ₹7,78,771 crore, which is the total value of its shares. The current share price is ₹1,876. Over the last year, the highest price was ₹1,903, and the lowest was ₹1,352. Infosys has a Price-to-Earnings (P/E) ratio of 29.2, meaning investors pay ₹29.2 for every ₹1 of earnings.

Here is the information presented in a table format:

Quarterly Results 

Infosys showed steady performance for the three months of December 2023, March 2024, and June 2024. In December 2023, sales were Rs. 38,821 crores with a net profit of Rs. 6,113 crores and an EPS (Earnings Per Share) of Rs. 14.71. By March 2024, sales slightly decreased to Rs. 37,923 crores, but the net profit increased to Rs. 7,975 crores, raising the EPS to Rs. 19.20. 

Here is the table for December 2023, March 2024, and June 2024:

About Infosys 

Infosys is a large and important company that provides digital services and consulting around the world. It was started in 1981 with just $250 in capital. Over the years, Infosys has grown significantly and now has about 315,000 employees. The company is listed on the New York Stock Exchange (NYSE) and has a market value of $77.31 billion.

Infosys has made a big impact on the global IT industry. It was one of the first companies to use the Global Delivery Model, which allows it to provide services from various locations around the world. This model helped make India a key player in the global software services market. In 2000, Infosys became the first Indian IT company to be listed on NASDAQ, a major stock exchange in the United States. The company’s employee stock options program also helped many of its workers become wealthy.