Infosys Ltd Share Price – NSE /  BSE

IT - Software, Mid Cap

Infosys Ltd rose 1.16% today to trade at Rs 1823.55. The BSE Information Technology index is up 0.49% to quote at 41952.51. The index is down 2.52 % over last one month. Among the other constituents of the index, Magellanic Cloud Ltd increased 0.87% and Oracle Financial Services Software Ltd added 0.84% on the day. The BSE Information Technology index went up 33.91 % over last one year compared to the 22.32% surge in benchmark SENSEX.

Infosys Ltd has lost 6.67% over last one month compared to 2.52% fall in BSE Information Technology index and 2.66% drop in the SENSEX. On the BSE, 10128 shares were traded in the counter so far compared with average daily volumes of 2.66 lakh shares in the past one month. The stock hit a record high of Rs 1990.9 on 15 Oct 2024. The stock hit a 52-week low of Rs 1359.1 on 04 Jun 2024.

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Infosys announced the launch of its small language models – Infosys Topaz BankingSLM and Infosys Topaz ITOpsSLM – built using the powerful NVIDIA AI Stack. The collaboration leverages NVIDIA AI and Infosys Topaz offerings to provide a robust foundation for implementing and scaling enterprise AI. These models are developed as part of the Infosys center of excellence dedicated to NVIDIA technologies and built to help businesses quickly adopt and scale AI.

The small language models utilize general and industry-specific data, enhanced by NVIDIA's AI Enterprise and NVIDIA AI Foundry in collaboration with Sarvam AI. The models are fine-tuned with Infosys data and integrated into existing offerings, like Infosys Finacle and Infosys Topaz for business and IT operations, creating robust foundational models for industry-specific applications. Infosys also provides these models as services that include pretraining-as-a-service and fine-tuning-as-a-service, to help businesses build their own custom AI models securely, in compliance with industry standards.

As part of the center of excellence, Infosys is working with NVIDIA on NIMTM Agent Blueprints to streamline AI application development and integrate innovations such as the new Digital Human blueprint for customer service, multimodal PDF data extraction and various other use cases for Infosys Topaz offerings. Beyond these, the collaboration extends to digitalization efforts, addressing areas like 3D workflows and digital twins with NVIDIA Omniverse Enterprise, and Infosys Responsible AI suite, using NVIDIA NeMo Guardrails. The center of excellence also unveiled an exclusive AI Experience Zone, featuring the latest capabilities from NVIDIA AI and Infosys Topaz. The zone is designed to foster co-innovation in AI solutions, such as agentic and physical AI use cases, across sectors such as telecommunications, retail, and financial services.

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On a year on year basis, the company's net profit and revenues are higher by 4.7% and 5.1%, respectively as compared with Q2 FY24.

Profit before tax was at Rs 9,253 crore during the quarter, up 2.57% quarter on quarter (QoQ) and 5.53% YoY.

Operating profit in the second quarter of FY25 was at Rs 8,649 crore, up 4.4% QoQ and 4.5% YoY. Operating margin was at 21.1% in Q2 FY25 as against 21.2% in Q1 FY25 and 21.1% in Q2 FY24.

During Q2 FY25, constant currency (CC) revenue grew by 3.3% YoY and 3.1% QoQ

In dollar terms, the IT firm reported revenues of $4,894 million, up 3.7% QoQ and 3.8% YoY for the quarter ended 30 September 2023.

The total contract value (TCV) of large deal wins was $2.4 billion in Q2 of FY25, with net new of 41%.

The company’s total clients stood at 1,870 as on 30 September 2024 as compared with 1,884 clients as on 30 September 2023.

Total headcount as on 30 September 2024 was 317,788. Last twelve months IT services attrition rate slipped to 12.9% as of 30 September 2024 as compared with 14.6% as of 30 September 2023 and 12.7% as on 30 June 2024.

In terms of guidance, the company has revised its FY25 revenue guidance to 3.75% - 4.50% in constant currency and operating margin guidance at 20%-22%.

Salil Parekh, CEO and MD said, “We had strong growth of 3.1% quarter-on-quarter in constant current in Q2. The growth was broad based with good momentum in financial services. This stems from our strength in industry expertise, market leading capabilities in cloud with Cobalt and generative AI with Topaz, resulting in growing client preference to partner with us. Our large deals at $2.4 billion in Q2 reflect our differentiated position. I am grateful to our employees for their unwavering commitment to our client as we further strengthen our market leadership.”

Jayesh Sanghrajka, CFO, said, “We continue to focus on accelerating revenue growth with a sharp focus on margin performance. Operating margins for the quarter was at 21.1%, driven by continued benefits from value-based pricing and utilization despite higher employee payouts. Our focus on cash generation resulted in another quarter of over 100% free cash flow conversion to net profits. The board announced an interim dividend of Rs 21 per share, 16.7% increase from last year”.

Meanwhile, the board declared an interim dividend of Rs 21 per equity share for the financial year 2024-25. The IT major fixed 29 October as a record date and 8 November 2024 as a payout date for the same.

Further, the company’s board has approved merger of WongDoody Inc (wholly owned subsidiary) and Blue Acorn iCi Inc, Outbox Systems Inc., d.b.a Simplus and Kaleidoscope Animations Inc (step-down subsidiaries) with Infosys Nova Holdings LLC (wholly owned subsidiary).

Lastly, the board has approved acquisition of Blitz 24-893. Infosys Singapore, wholly owned subsidiary of Infosys has acquired Blitz for business operation purposes. The acquisition is expected to close during fiscal year 2025 with a cost of acquisition being EUR 135,000.

Infosys is a global leader in next-generation digital services and consulting.

Shares of Infosys tumbled 4.46% to currently trade at Rs 1,881.60 on the BSE.

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The Board of Infosys at its meeting held on 17 October 2024 has approved merger of WongDoody Inc (wholly owned subsidiary) and Blue Acorn iCi Inc, Outbox Systems Inc., d.b.a Simplus and Kaleidoscope Animations Inc (step-down subsidiaries) with Infosys Nova Holdings LLC (wholly owned subsidiary).

WD is a US-based, full-service creative and consumer insights advertising agency (Revenue for FY ending Dec'23 - USD 123.7 million).

Simplus provides enterprise-wide digital transformation across the Salesforce ecosystem through advisory, implementation, change management, and managed services (Revenue for FY ending Jan'24 - USD 106.0 million).

BA is a leading digital experience company that empowers global brands to deliver remarkable customer experiences and enables clients to navigate large-scale digital transformation programs.(Revenue for FY ending Dec'23 -USD 88.5 million).

Kaleidoscope is a product design, development and insights firm, with services focused primarily on medical devices. (Revenue for FY ending Dec'23 - USD 45.0 million)

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