Infosys board meeting to be held on July 18 to consider Q1FY25 quarterly results
Infosys Q1 Results: India's second-largest software services major will hold its board meeting on July 18 to consider and approve its April-June quarter results of the current fiscal (Q1FY25). The financial results of the June quarter will be presented to the Infosys' Board of Directors on July 18, 2024 for their approval.In a regulatory filing to the stock exchanges, Infosys said, ‘’The Board of Directors of the Company will be held on Wednesday and Thursday, July 17 and 18, 2024 inter alia to:--Approve and take on record the audited consolidated financial results of the company and its subsidiaries as per Indian Accounting Standards (INDAS) for the quarter ending June 30, 2024;--Approve and take on record the audited standalone financial results of the company as per INDAS for the quarter ending June 30, 2024; and--Approve and take on record the audited financial statements of the company and its subsidiaries as per INDAS and IFRS for the quarter ending June 30, 2024.'' On April 18, the Sahil Parekh-led tech giant reported a rise of 30 per cent in net profit at ₹7,975 crore in the January-March quarter of FY24, compared to ₹6,134 crore in the year-ago period.
The revenue for the quarter under review came at ₹37,923 crore, up 1.3 per cent year-on-year (YoY). The revenues in constant currency (CC) terms remained flat YoY and declined by 2.2 per cent sequentially.The company expects a revenue growth of 1-3 per cent in constant currency for FY25 and operating margin of 20-22 per cent.
"Growth guidance for next year is higher than where we finished for this year. The difference is small.
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