Infosys ADR falls 6% on NYSE despite revenue growth in Q3FY25

Infosys' American Depository Receipts (ADR) saw a significant drop of 6%, falling to $21.515 on the New York Stock Exchange (NYSE) following the release of its Q3FY25 results. This decline came despite the IT giant raising its FY25 revenue growth forecast for the third consecutive quarter, now projecting a growth range of 4.5-5%.

For the October-December quarter, the company reported an 11.4% increase in net profit, which rose to ₹6,806 crore from ₹6,106 crore during the same period last year. Additionally, the company’s revenue for Q3FY25 reached ₹41,764 crore, marking a 7.6% year-on-year (YoY) growth. In constant currency terms, revenue grew by 6.1% YoY but saw a 1.7% sequential decline.