Infosys (INFY) has released an update.
Infosys has achieved a record total contract value (TCV) of $17.7 billion in FY24, bolstering a robust foundation for future growth and projecting a revenue increase of 1%-3% with an operating margin of 20%-22% for FY25. The company’s FY24 performance includes a 1.4% growth in constant currency terms to $18.6 billion in revenues and a strong free cash flow of $2,882 million, marking a 13.7% rise over the previous year. As part of its commitment to shareholder returns, Infosys plans to maintain its capital allocation policy, returning approximately 85% of its free cash flow over the next five years.
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