Categories AlphaGraphs, Earnings, Technology
Earnings: A snapshot of Infosys’ Q3 2024 financial report
Infosys (NYSE: INFY) reported a decline in earnings for the third quarter of 2024 when the software giant’s revenues remained broadly unchanged year-over-year. The company also revised its full-year guidance.
Third-quarter revenues came in at $4.66 billion, which is in line with the revenue the company generated in the prior year period. Meanwhile, net income decreased to $734 million or $0.18 per share in Q3 from $800 million or $0.18 per share in the same period of 2023.
The management revised its revenue growth guidance for fiscal 2024 to the range of 1.5% to 2.0% and maintained the operating margin guidance at 20%-22%.
“Q3 performance is a demonstration of our strong execution capabilities reflected in improved operational efficiencies achieved under ‘Project Maximus’, despite a challenging environment. Cash generation remained robust with FCF to net profit conversion for Q3 at 90.6%,” said Nilanjan Roy, chief financial officer of Infosys.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
After a weak first half, will NIKE (NKE) hit the recovery path this year?
After a prolonged slowdown, NIKE, Inc. (NYSE: NKE) is working on a turnaround plan to regain the brand’s strength. In recent years, the sneaker giant’s overall performance has not been
Important takeaways from Paychex’s (PAYX) Q2 2025 earnings report
Paychex Inc. (NASDAQ: PAYX), a leading provider of human resources and payroll services, reported better-than-expected revenue and profit for the second quarter of fiscal 2025, sending the stock higher soon
Lamb Weston’s (LW) challenges may not end soon, a few points to note
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) turned red in mid-day trade on Friday. The stock has dropped 19% in the past one month. The company delivered disappointing results