INFY FY 2024 Earnings Report — Infosys Limited Revenue & Financial Results | Market Cap Arena

Infosys LimitedINFY

FY 2024 Earnings

Reported June 24, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$18.6B	—	$18.2B	—	1.9%
Op. Income	$3.8B	—	$3.8B	—	0.2%
Gross Margin	30.1%	—	30.2%	—	-0.1pp
Net Margin	17.1%	—	16.4%	—	0.7pp
EPS (Diluted)	$0.76	—	$0.71	—	7.0%
Free Cash Flow	$2.9B	—	$2.5B	—	13.7%

Revenue Flow

Item	Amount
REVENUE	$18.6B
Cost of Revenue	$13.0B
GROSS PROFIT	$5.6B
R&D Expenses	$0
Selling & Marketing	$168M
General & Administrative	$1.4B
SG&A Expenses	$1.6B
Other Expenses	$175M
Operating Expenses	$1.8B
Cost & Expenses	$14.7B
OPERATING INCOME	$3.8B
Interest Income	$487M
Interest Expense	$56M
Other Income/Expenses	$512M
INCOME BEFORE TAX	$4.3B
Income Tax Expense	$1.2B
Net Income from Continuing Ops	$3.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.2B
D&A	$565M
EBIT	$4.4B
EBITDA	$5.0B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$18.6B
Cost of Revenue	$13.0B
GROSS PROFIT	$5.6B
R&D Expenses	$0
Selling & Marketing	$168M
General & Administrative	$1.4B
SG&A Expenses	$1.6B
Other Expenses	$175M
Operating Expenses	$1.8B
Cost & Expenses	$14.7B
OPERATING INCOME	$3.8B
Interest Income	$487M
Interest Expense	$56M
Other Income/Expenses	$512M
INCOME BEFORE TAX	$4.3B
Income Tax Expense	$1.2B
Net Income from Continuing Ops	$3.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.2B
D&A	$565M
EBIT	$4.4B
EBITDA	$5.0B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$3.2B
Depreciation & Amortization	$565M
Stock-Based Compensation	$79M
Deferred Income Tax	$1.2B
Other Non-Cash Items	-$1.2B
Change in Working Capital	-$623M
OPERATING CASH FLOW	$3.1B
Capital Expenditure	-$266M
Acquisitions (Net)	-$12M
Purchases of Investments	-$10.5B
Sales/Maturities of Investments	$9.9B
Other Investing Activities	$110M
NET CASH FROM INVESTING	-$708M
Net Debt Issuance	-$245M
Common Stock Repurchased	$0
Common Dividends Paid	-$1.8B
Other Financing Activities	-$95M
NET CASH FROM FINANCING	-$2.1B
FREE CASH FLOW	$2.9B
Net Change in Cash	$292M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.8B
Short-Term Investments	$1.6B
Net Receivables	$6.5B
Inventory	$0
Other Current Assets	$98M
TOTAL CURRENT ASSETS	$10.7B
PP&E (Net)	$2.3B
Goodwill	$875M
Intangible Assets	$167M
Long-Term Investments	$1.5B
Tax Assets	$55M
Other Non-Current Assets	$843M
TOTAL NON-CURRENT ASSETS	$5.8B
TOTAL ASSETS	$16.5B
Account Payables	$474M
Short-Term Debt	$0
Deferred Revenue	$880M
Other Current Liabilities	$1.3B
TOTAL CURRENT LIABILITIES	$4.7B
Long-Term Debt	$0
Deferred Revenue NC	$363.1K
Deferred Tax Liabilities	$216M
Other Non-Current Liabilities	$284M
TOTAL NON-CURRENT LIABILITIES	$1.3B
TOTAL LIABILITIES	$5.9B
Common Stock	$325M
Additional Paid-In Capital	$449M
Retained Earnings	$12.6B
Treasury Stock	$0
Accum. Other Comp. Income	$1.6B
Other Equity	-$4.4B
TOTAL STOCKHOLDERS' EQUITY	$10.6B
Minority Interest	$41M
TOTAL EQUITY	$10.6B
TOTAL LIABILITIES & EQUITY	$16.5B
Total Debt	$1.0B
Net Debt	-$771M