New Delhi, April 17 -- India's second largest IT firm Infosys fell short of revenue expectations for the fourth quarter (Q4FY25), reporting a profit of Rs.7,033 crore for Q4FY25, reflecting an 11.7% decline, while revenue increased by 7.9% to reach Rs.40,925 crore. Nonetheless, the company emphasised its progress in Artificial Intelligence (AI) throughout FY25, stating that it is well-equipped to address client demands.
"We have built a resilient organisation 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.
According to a regulatory filing on 17 April, Infosys' net profit grew 3.3% on a sequential basis. The Bengaluru-based company also forecast revenue growth between 0 to 3% in constant currency terms for the financial year 2025-26. Earlier in January, Infosys revised its revenue growth guidance for FY25 to 4.5 to 5%, up from the previous range of 3.75 to 4.5%. Infosys' rival Wipro on Wednesday reported a 1.3% YoY revenue increase to Rs.22,504 crore in Q4FY25, up from Rs.22,208 crore in Q4FY24. The Bengaluru-based company emphasised its AI focus, highlighting recent deal wins and investments in global talent and consulting capabilities. Wipro too plans to leverage its AI expertise to scale client operations. Meanwhile, last week, TCS reported lower-than-expected Q4FY25 revenue amidst US market weakness, but still achieved YoY revenue growth to Rs.64,479 crore from Rs.61,237 crore and cited increasing AI adoption and AI.Cloud, leading its service line growth.
Published by HT Digital Content Services with permission from TechCircle.