Infosys (INFY) stock surges 8% on strong Q1 earnings and sales guidance

From Nasdaq: 2024-07-19 09:52:00

Infosys Limited (INFY) shares surged 8.4% after reporting strong first-quarter fiscal 2025 results and upbeat sales guidance. Earnings were 18 cents per share, matching estimates, with revenues of $4.71 billion, surpassing expectations. North America saw a revenue decline, while India, Europe, and Rest of the World showed growth. Manufacturing, Life Sciences, and Energy sectors saw revenue increases. Retail and Financial Services segments experienced declines.

Infosys added 87 clients and signed deals worth $4.1 billion in the first quarter. Gross profits rose 3.5% to $1.46 billion, with an operating income increase of 3.4% to $994 million. Consolidated cash and investments at the end of the quarter were $4.31 billion, with free cash flow of $1.09 billion. The company raised its revenue guidance for fiscal 2025 to 3-4% growth on a constant currency basis and an operating margin of 20-22%.

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Read more at Nasdaq: Infosys (INFY) Gains 8% on In-Line Q1 Earnings, Solid Sales View