Bengaluru, India – January 12, 2023:
| 21.7% YoY | 13.7% YoY 2.4% QoQ | 21.5 % | 13.4% YoY | $3.3 bn |
| CC Digital growth | CC Revenue growth | Operating margin | Increase in EPS (INR terms) | Large deal TCV |
1. Key highlights:
| For the quarter ended December 31, 2022 | For nine months ended December 31, 2022 |
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“Operating margins in Q3 remained resilient due to cost optimization benefits which offset the impact of seasonal weakness in operating parameters”, said Nilanjan Roy, Chief Financial Officer. “Attrition reduced meaningfully during the quarter and is expected to decline further in the near-term,” he added.
Infosys (NSE, BSE, NYSE: INFY), a global leader in next- generation digital services and consulting, reported strong Q3 performance with year-on-year growth at
13.7% and sequential growth at 2.4% in constant currency. Year on year growth was in double digits for
most business segments and geographical regions in constant currency terms. Large deal TCV for the
quarter was the strongest in the last 8 quarters at $3.3 billion. Digital comprised 62.9% of overall revenues
and grew at 21.7% in constant currency. Operating margin for the quarter remained resilient at 21.5%.
FY23 revenue guidance revised to 16.0%-16.5%. FY23 operating margin guidance retained at 21%-22%.
“Our revenue growth was strong in the quarter, with both digital business and core services growing. This
is a clear reflection of our deep client relevance, industry-leading digital, cloud, and automation capabilities, and the unrelenting dedication of our employees”, said Salil Parekh, CEO and MD. “As reflected in the large deals momentum, we continue to gain market share as a trusted transformation and operational partner for our clients. Our end-to-end capabilities and global scale make us a preferred choice as clients look at consolidating vendors. We remain focused on helping businesses accelerate their digital agenda to uncover new value and growth, as well as improve operational and cost effectiveness”, he added.
