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Infosys Q1 Results: PAT jumps 11% YoY to Rs 5,945 crore; cuts FY24 revenue guidance to 1-3.5%

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Infosys on Thursday reported nearly 11% year-on-year (YoY) growth in consolidated net profit for the June quarter to Rs 5,945 crore. Consolidated revenue increased by 10% YoY to Rs 37,933 crore. The bottomline was lower than the ET Now poll of Rs 6,150 crore. Taking note of the uncertain global environment, the software major sharply cut its FY24 revenue growth estimate. Infosys now sees revenue growing just 1-3.5% in constant currency terms, against 4-7% earlier.

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