Infosys (INFY) reported a revenue increase in Q3 2024, with key metrics showing solid performance against expectations.
Bangalore: For the quarter ending December 2024, Infosys (INFY) brought in $4.94 billion in revenue, marking a 5.9% rise from last year. Their earnings per share (EPS) hit $0.19, slightly up from $0.18 a year ago.
This revenue was a bit of a surprise, exceeding the Zacks Consensus Estimate of $4.88 billion by 1.16%. However, the EPS matched expectations, so there wasn’t a surprise there.
Investors often look closely at revenue and earnings changes to decide their next steps. But some key metrics can give a clearer picture of a company’s financial health.
These metrics can really impact both the top and bottom lines. By comparing them to last year’s figures and analyst estimates, investors can get a better idea of how a stock might perform.
Here’s a quick look at how Infosys did in the latest quarter based on the metrics that analysts keep an eye on:
- Employee Metrics – Software Professionals: 306,528, which is higher than the 279,486 average estimate from two analysts.
- Utilization – Including trainees – Consolidated: 83.4%, slightly above the 83.2% average estimate.
- Utilization – Excluding trainees – Consolidated: 86%, matching the average estimate.
- Employee Metrics – Sales & Support: 16,851, surpassing the 15,607 average estimate.
In the past month, Infosys shares have gained 1.1%, while the Zacks S&P 500 composite dropped by 1.6%. Currently, the stock holds a Zacks Rank #4 (Sell), suggesting it might lag behind the broader market soon.
