Infosys beats PAT and revenue estimates, dials up outlook

Infosys announced better-than-expected financial results for the quarter ended June with net profit rising 7.1% to `6,368 crore on a year-on-year (YoY) basis.

A strong revenue expansion of 3.7% YoY during the period prompted the second-largest software exporter to forecast growth of 3-4% for FY25 against its earlier guidance of 1-3%. The sharp increase in outlook was fuelled by higher large deal closures, better performance of key verticals such as financial services as well as expected uptick from its $480- million acquisition of In-tech in April this year.