Strong growth of 6.1% YoY in CC, 80 bps YoY operating margin expansion

Bengaluru, India – January 16, 2025: Infosys (NSE, BSE, NYSE: INFY), a global leader in next-
generation digital services and consulting, delivered strong and broad-based performance with $4,939
million in Q3 revenues, growth of 1.7% sequentially and 6.1% year on year in constant currency.
Operating margin for Q3 was at 21.3%, increase of 0.2% sequentially. Free cash flow for Q3 was highest
ever at $1,263 million, growing 90% year on year. TCV of large deal wins was $2.5 billion, with 63% net
new growing at 57% sequentially. Headcount increased for second consecutive quarter.
Revenues for YTD Dec’24 grew at 3.9% year on year in constant currency and in reported terms.
Operating margin was at 21.2%, increase of 0.3% year on year.
“Our strong revenue growth sequentially in a seasonally weak quarter and broad-based year on year
growth, along with robust operating parameters and margins, is a clear reflection of the success of our
differentiated digital offerings, market positioning, and key strategic initiatives. We continue to strengthen
our enterprise AI capabilities, particularly focusing on generative AI, which is witnessing increasing client
traction”, said Salil Parekh, CEO and MD. “This has led to another quarter of strong large deal wins
and improved deal pipeline giving us greater confidence as we look ahead”, he added.