{"id":1244643,"date":"2023-04-14T13:38:57","date_gmt":"2023-04-14T08:08:57","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1244643"},"modified":"2023-04-14T13:39:30","modified_gmt":"2023-04-14T08:09:30","slug":"infosys-revenues-down-by-2-3-but-profits-increase-to-rs-6128-crore-in-90-days-20-employees-quit","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/infosys-revenues-down-by-2-3-but-profits-increase-to-rs-6128-crore-in-90-days-20-employees-quit\/","title":{"rendered":"Infosys Revenues Down By 2.3%, But Profits Increase To Rs 6128 Crore In 90 Days | 20% Employees Quit"},"content":{"rendered":"\n<p>Infosys, the second-largest IT business in India, announced its revenues for the fourth quarter.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/04\/Untitled-design-26-1-1-1280x720-1-1024x576-1.jpeg\" alt=\"Infosys Revenues Down By 2.3%, But Profits Increase To Rs 6128 Crore In 90 Days | 20% Employees Quit\" class=\"wp-image-1244655\" srcset=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/04\/Untitled-design-26-1-1-1280x720-1-1024x576-1.jpeg 1024w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/04\/Untitled-design-26-1-1-1280x720-1-1024x576-1-300x169.jpeg 300w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/04\/Untitled-design-26-1-1-1280x720-1-1024x576-1-768x432.jpeg 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>The company has confirmed a revenue of Rs 37,441 crore, a 2.3% decrease from the previous quarter&#8217;s revenue of Rs 38,318 crore, with a net profit of Rs 6,128 crore.&nbsp;<\/p>\n\n\n\n<p>According to the latest reports, Infosys&#8217; net profit for Q4FY23 missed predictions by missing roughly 7.0% from the previous quarter&#8217;s Rs 6,586 crore.<\/p>\n\n\n\n<p><strong>Infosys\u2019 Revenues of Fourth Quarter<\/strong><\/p>\n\n\n\n<p>The IT company also fell short of the Rs 38,830 crore in sales forecasts for the three months ending March 2023.<\/p>\n\n\n\n<p>Analysts and brokerage houses predicted that the IT company will increase profits during the March quarter by 14.2 to 21.7% compared to the same period last year.&nbsp;<\/p>\n\n\n\n<p>The IT company was also anticipated to see a little increase in EBIT margin. In the meantime, operating profit came in at Rs 7,877 crore, up from Rs 8,242 crore and Rs 6,956 crore, respectively, reported in the March 2022 quarter.&nbsp;<\/p>\n\n\n\n<p>Infosys was able to achieve its operating margin goal even though its FY23 revenue projections were below target. As per Nilanjan Roy, Chief Financial Officer, Infosys, \u201cOur continued focus on cost optimization and operational efficiencies have helped in achieving operating margins of 21.0 per cent in FY23.\u201d<\/p>\n\n\n\n<p><strong>Infosys\u2019 Revenue Increased by 8.8% YoY<\/strong><\/p>\n\n\n\n<p>Additionally, during the March 2023 quarter, Infosys&#8217; revenue increased year over year by 8.8% at constant currency.&nbsp;<\/p>\n\n\n\n<p>A final dividend of Rs 17.50 per equity share was recently announced by Infosys for the fiscal year that ended on March 31, 2023.&nbsp;<\/p>\n\n\n\n<p>For the purpose of the Annual General Meeting and the payment of the final dividend, the record date is June 2, 2023. On July 3, 2023, the dividend will be paid, according to a regulatory filing by Infosys. Additionally, the business declared June 28, 2023, as the date of its 42nd Annual General Meeting.<\/p>\n\n\n\n<p><strong>Attrition at Infosys<\/strong><\/p>\n\n\n\n<p>As of March 31, 2023, Infosys had 3,43,234 employees <a href=\"https:\/\/www.youtube.com\/watch?utm_campaign=fullarticle&amp;v=vjFXqs046s0&amp;utm_medium=referral&amp;utm_source=inshorts\">compared<\/a> to 3,46,845 through December 31, 2023.<\/p>\n\n\n\n<p>As of March 31, 2023, Infosys had 3,43,234 employees compared to 3,46,845 through December 31, 2023.<\/p>\n\n\n\n<p>According to the firm, the attrition rate for the March quarter was 20.9% compared to 24.3% sequentially. In comparison to the prior year&#8217;s net addition of 54,396 people, the company&#8217;s workforce growth for 2022\u20132023 was 29,219 employees, or 46% less.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Infosys, the second-largest IT business in India, announced its revenues for the fourth quarter. The company has confirmed a revenue of Rs 37,441 crore, a 2.3% decrease from the previous quarter&#8217;s revenue of Rs 38,318 crore, with a net profit of Rs 6,128 crore.&nbsp; According to the latest reports, Infosys&#8217; net profit for Q4FY23 missed [&hellip;]<\/p>\n","protected":false},"author":25,"featured_media":1244655,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[311],"class_list":["post-1244643","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-infosys"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Infosys Revenues Down By 2.3%, But Profits Increase To Rs 6128 Crore In 90 Days | 20% Employees Quit - Trak.in - Indian Business of Tech, Mobile &amp; Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/infosys-revenues-down-by-2-3-but-profits-increase-to-rs-6128-crore-in-90-days-20-employees-quit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Infosys Revenues Down By 2.3%, But Profits Increase To Rs 6128 Crore In 90 Days | 20% Employees Quit - Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"og:description\" content=\"Infosys, the second-largest IT business in India, announced its revenues for the fourth quarter. The company has confirmed a revenue of Rs 37,441 crore, a 2.3% decrease from the previous quarter&#8217;s revenue of Rs 38,318 crore, with a net profit of Rs 6,128 crore.&nbsp; According to the latest reports, Infosys&#8217; net profit for Q4FY23 missed [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/trak.in\/stories\/infosys-revenues-down-by-2-3-but-profits-increase-to-rs-6128-crore-in-90-days-20-employees-quit\/\" \/>\n<meta property=\"og:site_name\" content=\"Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-14T08:08:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-14T08:09:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/04\/Untitled-design-26-1-1-1280x720-1-1024x576-1.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"576\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Radhika Kajarekar\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Radhika Kajarekar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/trak.in\/stories\/infosys-revenues-down-by-2-3-but-profits-increase-to-rs-6128-crore-in-90-days-20-employees-quit\/\",\"url\":\"https:\/\/trak.in\/stories\/infosys-revenues-down-by-2-3-but-profits-increase-to-rs-6128-crore-in-90-days-20-employees-quit\/\",\"name\":\"Infosys Revenues Down By 2.3%, But Profits Increase To Rs 6128 Crore In 90 Days | 20% Employees Quit - Trak.in - Indian Business of Tech, Mobile &amp; Startups\",\"isPartOf\":{\"@id\":\"https:\/\/trak.in\/stories\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/trak.in\/stories\/infosys-revenues-down-by-2-3-but-profits-increase-to-rs-6128-crore-in-90-days-20-employees-quit\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/trak.in\/stories\/infosys-revenues-down-by-2-3-but-profits-increase-to-rs-6128-crore-in-90-days-20-employees-quit\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/04\/Untitled-design-26-1-1-1280x720-1-1024x576-1.jpeg\",\"datePublished\":\"2023-04-14T08:08:57+00:00\",\"dateModified\":\"2023-04-14T08:09:30+00:00\",\"author\":{\"@id\":\"https:\/\/trak.in\/stories\/#\/schema\/person\/3d6ff61ba47715670139663cc4767b1c\"},\"breadcrumb\":{\"@id\":\"https:\/\/trak.in\/stories\/infosys-revenues-down-by-2-3-but-profits-increase-to-rs-6128-crore-in-90-days-20-employees-quit\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/trak.in\/stories\/infosys-revenues-down-by-2-3-but-profits-increase-to-rs-6128-crore-in-90-days-20-employees-quit\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/trak.in\/stories\/infosys-revenues-down-by-2-3-but-profits-increase-to-rs-6128-crore-in-90-days-20-employees-quit\/#primaryimage\",\"url\":\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/04\/Untitled-design-26-1-1-1280x720-1-1024x576-1.jpeg\",\"contentUrl\":\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/04\/Untitled-design-26-1-1-1280x720-1-1024x576-1.jpeg\",\"width\":1024,\"height\":576},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/trak.in\/stories\/infosys-revenues-down-by-2-3-but-profits-increase-to-rs-6128-crore-in-90-days-20-employees-quit\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/trak.in\/stories\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Infosys Revenues Down By 2.3%, But Profits Increase To Rs 6128 Crore In 90 Days | 20% Employees Quit\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/trak.in\/stories\/#website\",\"url\":\"https:\/\/trak.in\/stories\/\",\"name\":\"Trak.in - Indian Business of Tech, Mobile &amp; Startups\",\"description\":\"Trak.in is a popular Indian Business, Technology, Mobile &amp; Startup blog featuring trending News, views and analytical take on Technology, Business, Finance, Telecom, Mobile, startups &amp; Social Media Space\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/trak.in\/stories\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/trak.in\/stories\/#\/schema\/person\/3d6ff61ba47715670139663cc4767b1c\",\"name\":\"Radhika Kajarekar\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/trak.in\/stories\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f1db673eec2bc1089f0cb5aabbc342d28aa6e57f0b0ade5099ce322f0a984358?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f1db673eec2bc1089f0cb5aabbc342d28aa6e57f0b0ade5099ce322f0a984358?s=96&d=mm&r=g\",\"caption\":\"Radhika Kajarekar\"},\"url\":\"https:\/\/trak.in\/stories\/author\/radhika-kajarekar\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Infosys Revenues Down By 2.3%, But Profits Increase To Rs 6128 Crore In 90 Days | 20% Employees Quit - Trak.in - Indian Business of Tech, Mobile &amp; Startups","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/trak.in\/stories\/infosys-revenues-down-by-2-3-but-profits-increase-to-rs-6128-crore-in-90-days-20-employees-quit\/","og_locale":"en_US","og_type":"article","og_title":"Infosys Revenues Down By 2.3%, But Profits Increase To Rs 6128 Crore In 90 Days | 20% Employees Quit - Trak.in - Indian Business of Tech, Mobile &amp; Startups","og_description":"Infosys, the second-largest IT business in India, announced its revenues for the fourth quarter. The company has confirmed a revenue of Rs 37,441 crore, a 2.3% decrease from the previous quarter&#8217;s revenue of Rs 38,318 crore, with a net profit of Rs 6,128 crore.&nbsp; According to the latest reports, Infosys&#8217; net profit for Q4FY23 missed [&hellip;]","og_url":"https:\/\/trak.in\/stories\/infosys-revenues-down-by-2-3-but-profits-increase-to-rs-6128-crore-in-90-days-20-employees-quit\/","og_site_name":"Trak.in - Indian Business of Tech, Mobile &amp; Startups","article_published_time":"2023-04-14T08:08:57+00:00","article_modified_time":"2023-04-14T08:09:30+00:00","og_image":[{"width":1024,"height":576,"url":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/04\/Untitled-design-26-1-1-1280x720-1-1024x576-1.jpeg","type":"image\/jpeg"}],"author":"Radhika Kajarekar","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Radhika Kajarekar","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/trak.in\/stories\/infosys-revenues-down-by-2-3-but-profits-increase-to-rs-6128-crore-in-90-days-20-employees-quit\/","url":"https:\/\/trak.in\/stories\/infosys-revenues-down-by-2-3-but-profits-increase-to-rs-6128-crore-in-90-days-20-employees-quit\/","name":"Infosys Revenues Down By 2.3%, But Profits Increase To Rs 6128 Crore In 90 Days | 20% Employees Quit - Trak.in - Indian Business of Tech, Mobile &amp; Startups","isPartOf":{"@id":"https:\/\/trak.in\/stories\/#website"},"primaryImageOfPage":{"@id":"https:\/\/trak.in\/stories\/infosys-revenues-down-by-2-3-but-profits-increase-to-rs-6128-crore-in-90-days-20-employees-quit\/#primaryimage"},"image":{"@id":"https:\/\/trak.in\/stories\/infosys-revenues-down-by-2-3-but-profits-increase-to-rs-6128-crore-in-90-days-20-employees-quit\/#primaryimage"},"thumbnailUrl":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/04\/Untitled-design-26-1-1-1280x720-1-1024x576-1.jpeg","datePublished":"2023-04-14T08:08:57+00:00","dateModified":"2023-04-14T08:09:30+00:00","author":{"@id":"https:\/\/trak.in\/stories\/#\/schema\/person\/3d6ff61ba47715670139663cc4767b1c"},"breadcrumb":{"@id":"https:\/\/trak.in\/stories\/infosys-revenues-down-by-2-3-but-profits-increase-to-rs-6128-crore-in-90-days-20-employees-quit\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/trak.in\/stories\/infosys-revenues-down-by-2-3-but-profits-increase-to-rs-6128-crore-in-90-days-20-employees-quit\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/trak.in\/stories\/infosys-revenues-down-by-2-3-but-profits-increase-to-rs-6128-crore-in-90-days-20-employees-quit\/#primaryimage","url":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/04\/Untitled-design-26-1-1-1280x720-1-1024x576-1.jpeg","contentUrl":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/04\/Untitled-design-26-1-1-1280x720-1-1024x576-1.jpeg","width":1024,"height":576},{"@type":"BreadcrumbList","@id":"https:\/\/trak.in\/stories\/infosys-revenues-down-by-2-3-but-profits-increase-to-rs-6128-crore-in-90-days-20-employees-quit\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/trak.in\/stories\/"},{"@type":"ListItem","position":2,"name":"Infosys Revenues Down By 2.3%, But Profits Increase To Rs 6128 Crore In 90 Days | 20% Employees Quit"}]},{"@type":"WebSite","@id":"https:\/\/trak.in\/stories\/#website","url":"https:\/\/trak.in\/stories\/","name":"Trak.in - Indian Business of Tech, Mobile &amp; Startups","description":"Trak.in is a popular Indian Business, Technology, Mobile &amp; Startup blog featuring trending News, views and analytical take on Technology, Business, Finance, Telecom, Mobile, startups &amp; Social Media Space","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/trak.in\/stories\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/trak.in\/stories\/#\/schema\/person\/3d6ff61ba47715670139663cc4767b1c","name":"Radhika Kajarekar","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/trak.in\/stories\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f1db673eec2bc1089f0cb5aabbc342d28aa6e57f0b0ade5099ce322f0a984358?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f1db673eec2bc1089f0cb5aabbc342d28aa6e57f0b0ade5099ce322f0a984358?s=96&d=mm&r=g","caption":"Radhika Kajarekar"},"url":"https:\/\/trak.in\/stories\/author\/radhika-kajarekar\/"}]}},"jetpack_featured_media_url":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/04\/Untitled-design-26-1-1-1280x720-1-1024x576-1.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts\/1244643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/comments?post=1244643"}],"version-history":[{"count":1,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts\/1244643\/revisions"}],"predecessor-version":[{"id":1244662,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts\/1244643\/revisions\/1244662"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/media\/1244655"}],"wp:attachment":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/media?parent=1244643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/categories?post=1244643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/tags?post=1244643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}