Infosys raises revenue growth forecast to 3.75-4.5% for FY25, citing tech spending recovery.
Infosys Ltd., the Indian IT firm, raised its revenue growth forecast for fiscal year 2025 to 3.75%-4.5%, up from 3%-4%, citing strong performance driven by tech spending recovery. In Q2, revenue reached $4.89 billion, with a 3.1% sequential and 3.3% year-on-year growth. Operating margin stood at 21.1%, and free cash flow grew by 25.2%. The company is focusing on emerging technologies and strategic partnerships to enhance services and client experiences.
October 17, 2024
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