Infosys Q4 net rises 12% YoY; projects revenue growth of 13-15% in FY22-23

In terms of top line growth, Infosys was ahead of TCS, the country's largest software services firm

Information technology major Infosys on Wednesday projected a revenue growth rate of 13-15 per cent for 2022-23 (FY23) on the back of a “strong demand environment” and “robust deal pipeline", even as its key numbers for the March quarter (Q4) of FY22 missed analyst estimates.  

Infosys reported a subdued performance in the quarter but met its guidance for the full year. The company reported a net profit of Rs 5,686 crore in Q4, up 12 per cent on a year-on-year (YoY) basis but down 2.1 per cent sequentially.

In terms of top line growth, Infosys was ahead of TCS, the country’s largest