Infosys Q4 results: Infosys reported Q4 Results on April 13, 2023. Infosys reported a 7.8% YoY rise in consolidated net profit at Rs 6,128 crore for the fourth quarter that ended March 2023. The profit stood at Rs 5,686 crore in the corresponding quarter last year.
Consolidated Revenue for the December quarter up 16% YoY to Rs 37,441 crore from Rs 32,276 crore a year ago.
The total value of large deals closed in Q4 FY23 stood at $2.1 billion, whereas, for the entire FY it stood at $9.8 billion.
The company’s attrition rate during the fourth quarter dropped to 20.9%, as compared to 24.3% in Q3 FY23.
The Board has recommended a final dividend of Rs 17.5 per equity share for the FY23. The Record Date is fixed for the purpose of the Final Dividend for the year 2022 is 2nd June 2023.
Highlights of Infosys Q4 results
| Segments | Q4FY23 | Q4FY22 |
| Consolidated Revenue | 37,441 crores | 32,276 crores |
| Consolidated Profit | 6,128 crores | 5,686 crores |
| Operating Profit | 7,877 crores | 6,956 crores |
| Operating Profit margin | 21% | 21.6% |
Consolidated Revenue (Infosys Q4 results)
Infosys reported its Consolidated Revenue for the December quarter up 16% YoY to Rs 37,441 crore from Rs 32,276 crore a year ago.
Consolidated Revenue stood at 38,318 crore in Q3of the FY23.
At constant currency, the company’s revenue grew by 8.8% YoY during the fourth quarter, and by 15.4% during the entire Fiscal Year.
The stock of Infosys ended nearly 2.74% down on the NSE on Thursday.
Consolidated Profit (Infosys Q4 results)
Infosys reported a 7.8% YoY rise in consolidated net profit at Rs 6,128 crores for the fourth quarter that ended March 2023. The consolidated profit stood at Rs 5,686 crores in the corresponding quarter last year.
However, Net consolidated profit is down by 7% QoQ from Rs 6,586 crores.
Operating Profit (Infosys Q4 results)
Infosys has reported an Operating Profit of Rs 7,877 crores for the fourth quarter that ended in March 2023, higher by 13.2%, compared with Rs 6,956 crores reported in the corresponding quarter of the previous year.
However, Operating Profit is down by 4.4% QoQ from Rs 8,242 crores.
Operating Profit margin (Infosys Q4 results)
The company has reported operating margins down by 60 bps to 21% from 21.6% reported in the corresponding quarter of the previous year.
Company Outlook (Infosys Q4 results)
“Our strong performance in FY23 is a testimony to the continued focus on digital, cloud and automation capabilities which resonated with our clients. We have launched exciting programs with our clients leveraging generative AI platforms” Infosys CEO and MD Salil Parekh said.
“As the environment has changed, we see strong interest from our clients for efficiency, cost and consolidation opportunities, resulting in a strong large deal pipeline. We have expanded our internal program on efficiency and cost to build a path to higher margins in the medium term. We continue to invest in our people and in supporting our clients,” he said.
“Our continued focus on cost optimization and operational efficiencies have helped in achieving operating margins of 21 percent in FY23. Free cash generation in Q4, led by robust collections, was strong.” Infosys Chief Financial Officer Nilanjan Roy said.
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