Infosys Ltd (NYSE:INFY)

$ 22.78 0.17 (0.75%) Market Cap: 93.32 Bil Enterprise Value: 90.63 Bil PE Ratio: 29.73 PB Ratio: 8.86 GF Score: 98/100

Q3 2024 Infosys Ltd Earnings Press Conference Transcript

Jan 11, 2024 / 11:00AM GMT

Release Date Price: $18.82 (+3.98%)

Transcript

Rishi Basu

Infosys Limited - India & APAC Head - Corporate Communications

A very good evening, everyone, and wishing you all a very happy new year. Thank you for joining us today at Infosys' Third Quarter Financial Results. My name is Rishi. And on behalf of Infosys, I'd like to welcome all of you today.

Over the next hour through the course of this press conference, we request 1 question from each media house. And with that, I'd like to invite our Chief Executive Officer, Mr. Salil Parekh, for his opening remarks. Over to you, Salil.

Salil Satish Parekh

Infosys Limited - MD, CEO & Director

Thanks, Rishi. Good afternoon, everyone, and wish you a happy new year. Our Q3 revenue declined by 1% quarter-on-quarter and 1% year-on-year in constant currency terms. For the first 3 quarters, our revenue grew by 1.8% over the same period last year in constant currency.

Our operating margin was at 20.5%. Large deals were at $3.2 billion, 71% of these were net new. This included 1 mega deal. We are seeing strong traction for generative AI

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