Infosys Q4 results
Infosys, the leading IT services company in India, has released its financial results for the quarter ended March 31, 2023 (Q4FY23).
| Quarter | Revenue from Operations (Rs in crore) | YoY Growth | Consolidated Profit (Rs in crore) | YoY Growth |
|---|---|---|---|---|
| Q4FY23 | 37,441 | 16% | 6,128 | 8% |
| Q4FY22 | 32,276 | – | 5,666 | – |
The figures reveal that Infosys’ revenue from operations has surged by 16% YoY to Rs 37,441 crore in Q4FY23, up from Rs 32,276 crore in the corresponding quarter of the previous fiscal year. This significant increase in revenue reflects the company’s strong performance, which can be attributed to its unwavering focus on digital transformation services and cloud-based solutions.
Additionally, Infosys’ consolidated profit for Q4FY23 has also increased by 8% YoY to reach Rs 6,128 crore, which is yet another positive indicator of the company’s growth and success. The company’s ability to consistently deliver solid financial results underscores its position as a leader in the IT services industry.
It is important to note that Infosys’ closest competitor and another IT services behemoth, TCS, reported a consolidated net profit of Rs 11,392 crore for Q4FY23, representing a 14.8% YoY increase. While TCS’ growth is impressive, Infosys’ Q4FY23 results are equally notable and highlight the company’s unwavering commitment to creating value for its stakeholders, including clients, shareholders, and employees. Overall, the latest financial results of Infosys reinforce its position as a formidable player in the competitive and dynamic IT services market.
