Infosys reports 9.6% growth in revenues to $4.65 bn in Oct-Dec quarter

Infosys, a leading IT services provider, has reported 9.6 percent growth in revenues to $4.659 billion during the October-December quarter of 2022.
Infosys for technology outsourcingDigital revenues represented 62.9 percent of total revenues, registering growth of 21.7 percent, Infosys said announcing its financial result. Operating margin reached 21.5 percent, a decline of 2 percent.

“Our revenue growth was strong in the quarter, with both digital business and core services growing. This is a clear reflection of our deep client relevance, industry-leading digital, cloud, and automation capabilities, and the unrelenting dedication of our employees,” said Salil Parekh, CEO and MD of Infosys, in a news statement.

Major industry verticals that contributed to the business performance of Infosys are Financial services (29.3 percent of total revenue), Retail (14.3 percent), Communications, (12.3 percent), Energy, Utilities, Resources & Services (13 percent), Manufacturing (13.3 percent), Hi-Tech (8.1 percent) and Life Sciences (7 percent) during Q3 fiscal 2023.

Infosys had 346,845 employees including 329,296 software professionals at the end of December 2022.