Infosys Reports Strong Q1 Earnings, Records Highest Free Cash Flow Ever
Portfolio Pulse from Anusuya Lahiri
Infosys Ltd (NYSE: INFY) reported strong Q1 earnings, with revenue growth of 2.5% year-on-year to $4.71 billion, beating analyst estimates. The company recorded its highest ever free cash flow of $1.09 billion and improved its operating margin to 21.1%. The stock price gained 4.92% in premarket trading.
July 18, 2024 | 12:11 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Infosys reported strong Q1 earnings, with revenue growth of 2.5% year-on-year to $4.71 billion, beating analyst estimates. The company recorded its highest ever free cash flow of $1.09 billion and improved its operating margin to 21.1%. The stock price gained 4.92% in premarket trading.
The strong Q1 earnings report, beating revenue estimates, and recording the highest ever free cash flow are positive indicators for Infosys. The stock price has already reacted positively in premarket trading, suggesting a likely short-term upward movement.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100