Infosys has announced results for Q4 and full FY 2022, for the period ending March 31, 2022.

Q4 FY22:

• Revenues were $4,280m, up 18.5% y/y, up 20.6% in CC
• Operating income (EBIT) was $1,038m, a margin of 24.3%, down 21pts y/y.

FY22:

• Revenues were $16,311m, up 20.3% y/y, up 19.7% in CC
• Operating income (EBIT) was $4,221m, a margin of 26.9%, down 25.9pts y/y.

Q4 FY22 estimated revenue by geography (with estimated y/y growth in US$) was:

• North America $2,630m (+18.2%, +18.5% in CC) 
• Europe $1,077m (+22.2%, +28.3% in CC)
• India $138m (+25.9%, +29.5% in CC)
• Rest of World $435m (+9.6%, +13.9% in CC).

Q4 FY22 revenue mix by service type (with estimated revenue and y/y growth in US$) was:

• Digital 59.2% ($2,532m, +36.2%, 38.8% in CC)
• Core 40.8% ($1,748m, -0.3%, +1.4% in CC)

Q4 FY22 revenue mix by industry (with estimated revenue and y/y growth in US$) was:

• Financial Services 31.3% ($1,339m, +12.4%, +14.1% in CC)
• Retail 14.3% ($613m, +14.3%, +16.5% in CC)
• Communication 12.8% ($548m, +26.4%, +29.2% in CC)
• EURS 12.0% ($514m, +15.7%, +17.8% in CC)
• Manufacturing 11.8% ($505m, +45.3%, +50.6% in CC)
• Hi Tech 8.2% ($351m, +20.5%, +20.9% in CC)
• Life Sciences 6.6% ($284m, +15.1%, +16.2% in CC)
• Others 3.0% ($126m, +3.6%, +7.3% in CC).

Infosys had 1,741 active clients at the end of Q4 FY21, with 115 new clients added during the quarter.

Major client contribution to revenue (and in Q4 FY21) was:

• Top  5 client 11.8% (10.9%)
• Top 10 clients 19.4% (18.3%)

Headcount at the end of March 2022 was 314,015, a net y/y increase 21,948 or 21.0%.

Annualized attrition was 27.7%, up from 15.2% in the prior year period, and from the 25.5% reported in Q3.

FY22 estimated revenue by geography (with estimated y/y growth in US$) was:

• North America $10,066m (+%) 
• Europe $4,039m (+%)
• India $480m (+%)
• Rest of World $1,726m (+%).

FY22 revenue mix by service type (with estimated revenue and y/y growth in US$) was:

• Digital 57.0% ($9,303m, +41.3%)
• Core 43.0% ($7,008m, +0.3%)

FY22 revenue mix by industry (with estimated revenue and y/y growth in US$) was:

• Financial Services 32.0% ($5,218m, +18.6%)
• Retail 14.6% ($2,379m, +19.5%)
• Communication 12.5% ($2.035m, +19.5%)
• EURS 11.9% ($1,942m, +14.8%)
• Manufacturing 11.0% ($1,787m, +40.2%)
• Hi Tech 8.3% ($1,346m, +16.5%)
• Life Sciences 7.0% ($1,142m, +23.2%)
• Others % ($462m, +10.3%).