Infosys: Stellar all round performance with 3.6% sequential revenue growth in cc, 1% operating margin expansion
Revenue guidance at 3%-4% and operating margin guidance at 20%-22%
Highest Free Cash Flow at $1.1 billion; Record number of large deals at 34 with $4.1 billion TCV
BENGALURU, India, July 18, 2024 /PRNewswire/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE:INFY), a global leader in next-generation digital services and consulting, delivered $4,714 million in Q1 revenues with a sequential growth of 3.6% and year on year growth of 2.5% in constant currency. Operating margin was at 21.1%, a sequential expansion of 1%. Free cash flow was highest ever at $1,094 million, an increase of 56.5% year over year. Number of large deal wins were highest ever at 34 with TCV of $4.1 billion, 57.6% being net new.
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