IT consulting services company Infosys announced Q3FY23 results: Q3FY23: Revenues in CC terms grew by 13.7% YoY and 2.4% QoQ Reported revenues at Rs 38,318 crore, a growth of 20.2% YoY Digital revenues at 62.9% of total revenues, YoY CC growth of 21.7% Operating margin at 21.5%, a decline of 2.0% YoY and stable QoQ Basic EPS at Rs 15.72, growth of 13.4% YoY FCF at Rs 4,741 crore, a decline of 12.2% YoY; FCF conversion at 72.0% of net profit. “Our revenue growth was strong in the quarter, with both digital business and core services growing. This is a clear reflection of our deep client relevance, industry-leading digital, cloud, and automation capabilities, and the unrelenting dedication of our employees”, said Salil Parekh, CEO and MD. “As reflected in large deals' momentum, we continue to gain market share as a trusted transformation and operational partner for our clients. Our end-to-end capabilities and global scale make us a preferred choice as clients look at consolidating vendors. We remain focused on helping businesses accelerate their digital agenda to uncover new value and growth, as well as improve operational- and cost-effectiveness,” he added. “Operating margins in Q3 remained resilient due to cost optimization benefits, which offset the impact of seasonal weakness in operating parameters,” said Nilanjan Roy, Chief Financial Officer. “Attrition reduced meaningfully during the quarter and is expected to decline further in the near term,” he added. Result PDF