Infosys Limited American Depositary Shares

Ladies and gentlemen, good day and welcome to Enforcers Limited Q3 FI25 Earnings Conference Call. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star, then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Sandeep Mahindru. Thank you and over to Mr. Mahindru.

Hello everyone and welcome to Infosys earnings call for Q3 FY25. Let me start the call by wishing everyone a very happy new year. Joining us on this call is CEO and MD Mr. Salil Parekh, CEO for Mr. Jayesh Sanghrajka and other members of the leadership team. We'll start the call with some remarks on the performance of the company. subsequent to which the call will be opened up for questions. Please note that anything we say that refers to our outlook for the future is a forward-looking statement, which must be read in conjunction with the risks that the company faces. A complete statement and explanation of these risks is available in our filing with the SEC, which can be found on www.sec.gov. I'd now like to pass on the call to Salil.

Thanks, Sandeep. Good morning and good evening to all of you. Wish you a happy new year. Thank you all for joining us on this call. Our revenue grew 1.7% quarter-on-quarter and 6.1% year-on-year in constant currency terms in Q3. All verticals and most geographies grew year-on-year. We saw double-digit growth in Europe and India and in our manufacturing business. Large deals were at $2.5 billion, operating margin at 21.3%, Free cash flow for the quarter was at an all-time high of $1.26 billion. Headcount grew by over 5,000 sequentially to now over 323,000 employees worldwide. Financial services in the U.S. continues to grow strongly in this quarter and over the past few quarters. We have seen a revival in European financial services during Q3. We're seeing an improvement in retail and consumer product industry in the US with discretionary pressures easing. Automotive sector in Europe continues to remain slow. Demand trends remain stable in other industries with clients continuing to prioritize cost takeout over discretionary initiatives. Clients are turning to us as the partner of choice when it comes to enterprise AI. to transform their business for growth and to manage operations more efficiently. With Infosys Topaz, our generative AI-powered services and solutions, we are deepening our enterprise AI capabilities. We have built four small language models for banking, for IT operations, for cyber, and for enterprises broadly. These small language models have 2.5 billion parameters. These models are built using some of our proprietary data sets. We are developing over 100 new generative AI agents for deployment within our clients. We are working closely with a generative AI partner ecosystem to develop joint solutions for our clients, several of them on the platforms of the partners. Here are some examples of the work we're doing for our clients in the generative AI area. We developed a generative AI-powered research agent that generated comprehensive solutions within seconds for requests made for the product support teams of a large technology company. We have created three audit agents to intelligently automate multiple tasks for a professional services company. Based overall on our strong performance in this quarter and our view for the rest of this financial year, we are revising our revenue growth guidance to growth of 4.5% to 5% in constant currency. Our operating margin guidance remains unchanged at 20% to 22%. With that, let me request Jayesh to share his views.