Infosys Q4 Results: IT services company Infosys on Thursday announced its quarter four results (January 1, 2023 to March 31, 2023). Infosys reported nearly 8% rise in consolidated net profit at Rs 6,128 crore for the quarter ended March 31, 2023.
In dollar terms, Infosys’ revenue during Q4 stood at $4,554 million, up 6.4% from $4,280 million a year ago, according to a regulatory filing.
The IT major had posted a net profit of Rs 5,696 crore in the year-ago period.
Voluntary Withdrawals (LTM – IT Services) of the company stood at 20.9%, showing a declining trend. The company’s total employee strength at the end of the fourth quarter was 3,43,234, down 3,611 from 3,46,845 in the third quarter.
The attraction has continued its downward trajectory. After rising to 28.4% in Q1FY23, it slipped to 27.1% in Q2FY23 on a trailing twelve months basis.
The company added 1,627 employees during the third quarter, down from the previous quarter.
Meanwhile, Infosys declared its Q4FY23 financial results on April 13 and also declared a final dividend of Rs 17.50 per share for 2022-23 in its Annual General Meeting.
Infosys CEO and MD Salil Parekh said, “Our strong performance in FY2023 is a testament to our continued focus on digital, cloud and automation capabilities that resonated with our customers. We have launched exciting programs with our customers leveraging the Generative AI platform.”
“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 pave the way for higher margins in the medium term. We continue to invest in our people and to support our customers,” he added.
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