The following is a summary of the Infosys Limited (INFY) Q4 2024 Earnings Call Transcript:

Financial Performance:

• Infosys reported flat q-o-q revenue growth and a 2.2% decline q-o-q.

• Operating margin at 20.1% for Q4 was due to one-time impacts, though overall '24 operating margin was 20.7%.

• The company secured $17.7 billion in large deals throughout the year.

• Expenses saw an increase, notably in salary expenditure, brand building, and visa charges.

• Free cash flow for the year rose by 14% from FY 2023 to $2.9 billion, 85% of which will be paid out.

• A dividend of INR20 along with a special dividend of INR8 per share was declared for FY '24, as part of a plan to return approximately 85% of free cash flow to shareholders.

• The large deal value for the year stood at $17.7 billion, with the renegotiation of a large financial services contract seen as a potential future revenue base impact.

Business Progress:

• Forward-looking, Infosys is anticipating a 1-3% growth in revenue and operating margin in the range of 20%-22% for FY '25.

• The company sees growth in the Financial Services and Telecom sectors, while the Manufacturing sector may show lower growth.

• Increment in Infosys' headcount led to higher utilization rates, amid a drop in employee attrition rates.

• The company's focus remains on pursuing ethical and responsible AI, as evident from their ISO 42001:2023 certification and progress in generative AI.

• Infosys reported strong performance in the European market and is focusing on the automotive sector via a recent acquisition for engineering services.

• Margins are expected to improve over a period of time through the company's margin program.

More details: Infosys IR

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