INFOSYS RAISES FY25 REVENUE GROWTH FORECAST TO 3-4%
Infosys's shares surged nearly 9% in early trade on the NYSE on Thursday after it revised its revenue forecast upwards to 3-4% for FY25, up from the 1-3% it had projected in the March quarter. However, it has retained its operating margin guidance for FY25 at 20-22%.
In the June quarter, Infosys achieved a 3.6% sequential revenue growth in constant currency and a 2.5% growth year-on-year. The financial services sector emerged as the top contributor to the company's topline, providing better visibility for the remainder of the year. While financial services grew 7.9% sequentially, manufacturing sector grew 3.6% over the same period. In comparison, its larger peer TCS announced a 2.2% sequential and 4.4% year-on-year growth in constant currency.
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