Infosys: Stellar all round performance with 3.6% sequential revenue growth in cc, 1% operating margin expansion

Financial Performance - Infosys reported Q1 revenues of $4,714 million, reflecting a sequential growth of 3.6% and a year-on-year growth of 2.5% in constant currency [1][3] - Operating margin stood at 21.1%, showing a sequential expansion of 1% and a year-on-year increase of 0.3% [1][3] - Free cash flow reached a record high of $1,094 million, marking a year-over-year increase of 56.5% [1][3] - Basic EPS increased to $0.18, representing a 5.4% year-on-year growth [3] Guidance and Strategic Focus - The company provided revenue growth guidance of 3%-4% in constant currency for FY25 and an operating margin guidance of 20%-22% [1][3] - CEO Salil Parekh emphasized strong traction in generative AI for enterprises, building on the company's Topaz and Cobalt capabilities [2] Large Deals and Acquisitions - Infosys achieved a record number of large deal wins at 34, with a total contract value (TCV) of $4.1 billion, of which 57.6% were net new deals [1][3] - The acquisition of in-tech, a leading Engineering R&D services provider focused on the German automotive industry, was completed, enhancing Infosys' capabilities in digitization [4][5][6] Collaborations and Innovations - Infosys collaborated with Commerzbank to consolidate their trading ecosystem on a unified Murex platform, enhancing process efficiency and reducing costs [7] - The company announced a strategic multi-year collaboration with Telstra to accelerate its software engineering and IT transformation journey [11] - Infosys launched Infosys AsterTM, a set of AI-amplified marketing services aimed at enhancing marketing efficiency and effectiveness [11] Recognitions and Awards - Infosys was recognized as a leader in various industry assessments, including HFS Horizons: Industry Cloud Service Providers, 2024, and Avasant's Applied AI Services 2024 Radarview [9][13] - The company received multiple awards at the 2024 All-Asia Executive Team Rankings from Institutional Investor, highlighting its strong investor relations [12]