Infosys BPM Reports Slowest Growth In Six Years As Revenue Drops In FY23

Infosys BPM, the business process management subsidiary of Infosys, recently experienced its slowest growth in six years, accompanied by a decline in revenue from its top clients during the fiscal year 2022-2023, economic times reported.

Infosys experienced its slowest growth in the last fiscal year, which can be attributed to a decline in revenue from its top accounts and the nature of deals where most of the proceeds were already recognized in the previous two years.

Revenue increased by 4.2% from the prior year to $934 million for the fiscal year that ended on March 31. The operating margin was at its lowest point in at least ten years, at 17%.

The BPM division contributed 5.1% of Infosys' $18.21 billion in sales for FY23, according to ET.

Experts claimed that the slowdown in growth was caused by a combination of factors, including a lesser contribution from the top clients as well as the structure of BPM deals and the base effect following a period of high post-Covid demand growth.