Infosys ADR Plunges 6% on NYSE Following Q3FY25 Earnings Report
16th Jan 2025
Infosys ADR Tumbles on NYSE
American Depository Receipt (ADR) shares of India's second-largest software services provider Infosys witnessed a sharp 6% decline on the New York Stock Exchange (NYSE) after the company declared its October-December quarter results for fiscal 2024-25 (Q3FY25).
Infosys Q3FY25 Financial Results
On Thursday, January 16, the Sahil Parekh-led tech giant reported a rise of 11.4% in net profit at ₹6,806 crore, compared to ₹6,106 crore in the year-ago period. The revenue for the quarter under review came at ₹41,764 crore, up 7.6% year-on-year (YoY). The revenue in constant currency (CC) terms, rose 6.1% YoY and declined by 1.7% sequentially.
Infosys Hikes FY25 Revenue Guidance
Despite the stock price decline, Infosys hiked its FY25 revenue growth guidance for the third straight quarter to 4.5-5%.
American Depository Receipt (ADR) shares of India's second-largest software services provider Infosys witnessed a sharp 6% decline on the New York Stock Exchange (NYSE) after the company declared its October-December quarter results for fiscal 2024-25 (Q3FY25).
Infosys Q3FY25 Financial Results
On Thursday, January 16, the Sahil Parekh-led tech giant reported a rise of 11.4% in net profit at ₹6,806 crore, compared to ₹6,106 crore in the year-ago period. The revenue for the quarter under review came at ₹41,764 crore, up 7.6% year-on-year (YoY). The revenue in constant currency (CC) terms, rose 6.1% YoY and declined by 1.7% sequentially.
Infosys Hikes FY25 Revenue Guidance
Despite the stock price decline, Infosys hiked its FY25 revenue growth guidance for the third straight quarter to 4.5-5%.