- Q1 revenues grew sequentially by 3.2% in USD terms; 2.7% in constant currency terms
- Q1 revenues grew 6.0% year-on-year in USD terms
- Q1 operating margin at 24.1%, flat as compared to Q1 17
- Utilization excluding trainees increased by 2% to 84% FY 18 revenue guidance retained at 6.5%-8.5% in constant currency.
- FY 18 operating margin guidance retained at 23%-25%
- Operating cash flow was $ 644 million, as compared to $ 547 million in Q4 17
- Liquid assets including cash and cash equivalents and investments were $6,091 million as on June 30, 2017 as compared to $5,979 million as on March 31, 2017
“Our persistent focus on execution in Q1 is reflected in broad-based performance on multiple fronts– revenue growth, resilient margins despite multiple headwinds, healthy cash generation and overall business results. I am encouraged by the uptick in revenue per employee for six quarters in a row, and the strong momentum in our new high growth services and software, as we accelerate our focus on innovation-led growth.” said Dr. Vishal Sikka, CEO. “The widespread adoption of our grassroots innovation and education initiatives continue to fuel our transformation, and I am proud to see Infoscions embrace and drive Infosys toward becoming a nextgeneration services company.”
“We had broad-based growth across geographical and industry segments. Our initiatives on operational discipline led to record levels of utilization and better realization during the quarter.” said U B Pravin Rao, COO. “Our new services and software offerings are helping us strengthen our positioning in the market.”
“Our relentless focus on strong cash generation led to a healthy operating cash flow. Further, our continued emphasis on operational efficiencies enabled us to mitigate the impact of margin headwinds during the quarter.” said M. D. Ranganath, CFO. “We successfully navigated yet another quarter of significant currency volatility through our hedging.”
