Infosys Revises FY25 Revenue Growth Guidance Upward

Infosys has raised its revenue growth forecast for FY25 to 4.5-5.0% in constant currency, marking the third consecutive increase amid positive trends in key sectors like banking, financial services, and manufacturing. The company's revenue for the third quarter reached $4.94 billion, showing a year-on-year growth of 6.1%, with operating margins improving to 21.3%. Notably, Infosys secured large deal wins totaling $2.5 billion, underscoring its strategic focus on artificial intelligence, particularly generative AI. CEO Salil Parekh highlighted the rebound in demand from North America and Europe, contributing to the revised guidance. Despite strong financial performance, Infosys's stock saw a decline of nearly 6% following the earnings announcement, indicating mixed market reactions. The company plans to increase its hiring target to 20,000 fresh graduates in the upcoming fiscal year.