Infosys misses street estimates on Q4 earnings, ADR falls 6% in pre-market

The company forecasts FY25 revenue growth to come in the range of 1-3%, while it expects margins for FY25 to be in the range of 20-22%.

IT major Infosys today announced a rather mixed set of Q4 earnings. The company’s revenue for Q4FY24 came in at Rs 37,923 crore against Rs 37,441 crore posted in the same period last year, a growth of merely 1%.

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The company’s net profit however grew 30% YoY to Rs 7,969 crore against Rs 6,128 crore posted during the same period last year. The net profit however was aided by other income, coming in at Rs 2,729 crore for the quarter ended March 2024.
The board of the company has recommended a final dividend of Rs 20 per share for FY24. The board has additionally also announced a special dividend of Rs 8 per share.
The company’s revenues in constant currency terms came in flat on a YoY basis but fell 2.2% on a sequential basis. EBIT margin for the company came in lower than estimates at 20.1%. Furthermore, the company has also given a slightly lower than expected guidance for FY25.
The company forecasts FY25 revenue growth to come in the range of 1-3%, while it expects margins for FY25 to be in the range of 20-22%.
Infosys ADR fell upto 6% in pre-market trading on Monday after the company released its Q4 numbers.