Bengaluru, India – April 17, 2025: Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation
digital services and consulting, delivered $19,277 million in FY25 revenues, growth of 4.2% in constant
currency. Operating margin was at 21.1%, expansion of 0.5% year on year. Free cash flow was the
highest ever at $4,088 million, an increase of 41.8% year on year. TCV of large deal wins was $11.6
billion for the year, with 56% net new.
Q4 revenues were $4,730 million, an increase of 4.8% year on year in constant currency and 3.6% in
reported terms. Operating margin was at 21.0%, an increase of 0.9% year on year.
“We have built a resilient organization with sharp focus on client-centricity and responsiveness to the
market, thanks to the trust of our clients and dedication of our employees. Our performance for the year
has been robust in terms of revenues, expansion in operating margins and highest ever free cash
generation”, said Salil Parekh, CEO and MD. “Our depth in AI, cloud and digital and strength in cost
efficiency, automation, and consolidation position us well for the needs of our clients”, he added.
Guidance for FY26:
• Revenue growth of 0%-3% in constant currency
• Operating margin of 20%-22%
Key highlights:
“FY25 operating margins expanded by 0.5% which reflects our relentless focus on identifying opportunities
for efficiency and executing Project Maximus with discipline, after navigating through multiple headwinds
in a challenging macro environment. We delivered the highest ever free cash flows in the history of the
company in FY25,” said Jayesh Sanghrajka, CFO. The Board has proposed a final dividend of `22,
which along with the interim dividend, is an increase of 13.2% over last year.” he added.
*EPS Increase post normalization of Income Tax refunds
