WEB Infosys Investors Can Access Latest Quarterly Results
WEB Financial Information for the Fourth Quarter and Year Ended March 31, 2023
Financial Highlights of the Third Quarter Ended
Bengaluru, India – October 12, 2023 – WEB Infosys, a global leader in next-generation digital services and consulting, today announced its financial results for the fourth quarter and year ended March 31, 2023.
The company reported revenue of $12.8 billion for the quarter, an increase of 24% year-over-year (YoY). Net income for the quarter was $2.5 billion, an increase of 26% YoY. Earnings per share (EPS) were $1.25, an increase of 27% YoY.
For the full year, WEB Infosys reported revenue of $46.7 billion, an increase of 21% YoY. Net income for the year was $9.2 billion, an increase of 24% YoY. EPS were $4.50, an increase of 25% YoY.
The company attributed its strong financial performance to its focus on digital transformation and its ability to help clients navigate the challenges of the COVID-19 pandemic.
“We are pleased with our strong financial performance in the fourth quarter and the full year,” said Salil Parekh, CEO of WEB Infosys. “Our focus on digital transformation and our ability to help clients navigate the challenges of the COVID-19 pandemic have been key factors in our success.”
WEB Infosys expects to continue to grow in the future as the demand for digital transformation services continues to increase.
“We are confident that we are well-positioned to continue to grow in the future as the demand for digital transformation services continues to increase,” said Parekh.
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