diff --git a/eng/versioning/version_client.txt b/eng/versioning/version_client.txt
index d0cfd8624700..2fefe9cc9f43 100644
--- a/eng/versioning/version_client.txt
+++ b/eng/versioning/version_client.txt
@@ -126,7 +126,7 @@ com.azure:azure-e2e;1.0.0-beta.1;1.0.0-beta.1
 com.azure:azure-health-insights-clinicalmatching;1.0.0-beta.1;1.0.0-beta.2
 com.azure:azure-health-insights-cancerprofiling;1.0.0-beta.1;1.0.0-beta.2
 com.azure:azure-health-insights-radiologyinsights;1.0.0-beta.1;1.0.0-beta.2
-com.azure:azure-identity;1.11.2;1.12.0-beta.2
+com.azure:azure-identity;1.11.2;1.11.3
 com.azure:azure-identity-extensions;1.1.13;1.2.0-beta.2
 com.azure:azure-identity-broker;1.0.2;1.1.0-beta.1
 com.azure:azure-identity-broker-samples;1.0.0-beta.1;1.0.0-beta.1
diff --git a/sdk/e2e/pom.xml b/sdk/e2e/pom.xml
index 061612f294e5..0d5e0c3fb311 100644
--- a/sdk/e2e/pom.xml
+++ b/sdk/e2e/pom.xml
@@ -39,7 +39,7 @@
     <dependency>
       <groupId>com.azure</groupId>
       <artifactId>azure-identity</artifactId>
-      <version>1.12.0-beta.2</version> <!-- {x-version-update;com.azure:azure-identity;current} -->
+      <version>1.11.3</version> <!-- {x-version-update;com.azure:azure-identity;current} -->
     </dependency>
     <dependency>
       <groupId>com.azure</groupId>
diff --git a/sdk/identity/azure-identity-broker-samples/pom.xml b/sdk/identity/azure-identity-broker-samples/pom.xml
index 9b7219387181..e7950b9292e5 100644
--- a/sdk/identity/azure-identity-broker-samples/pom.xml
+++ b/sdk/identity/azure-identity-broker-samples/pom.xml
@@ -34,7 +34,7 @@
     <dependency>
       <groupId>com.azure</groupId>
       <artifactId>azure-identity</artifactId>
-      <version>1.12.0-beta.2</version> <!-- {x-version-update;com.azure:azure-identity;current} -->
+      <version>1.11.3</version> <!-- {x-version-update;com.azure:azure-identity;current} -->
     </dependency>
     <dependency>
       <groupId>com.azure</groupId>
diff --git a/sdk/identity/azure-identity-broker/pom.xml b/sdk/identity/azure-identity-broker/pom.xml
index 667101f5c146..4114472e076f 100644
--- a/sdk/identity/azure-identity-broker/pom.xml
+++ b/sdk/identity/azure-identity-broker/pom.xml
@@ -34,7 +34,7 @@
     <dependency>
       <groupId>com.azure</groupId>
       <artifactId>azure-identity</artifactId>
-      <version>1.12.0-beta.2</version> <!-- {x-version-update;com.azure:azure-identity;current} -->
+      <version>1.11.3</version> <!-- {x-version-update;com.azure:azure-identity;current} -->
     </dependency>
     <dependency>
       <groupId>com.microsoft.azure</groupId>
diff --git a/sdk/identity/azure-identity-perf/pom.xml b/sdk/identity/azure-identity-perf/pom.xml
index d4958d9c421d..8578c952ef72 100644
--- a/sdk/identity/azure-identity-perf/pom.xml
+++ b/sdk/identity/azure-identity-perf/pom.xml
@@ -25,7 +25,7 @@
     <dependency>
       <groupId>com.azure</groupId>
       <artifactId>azure-identity</artifactId>
-      <version>1.12.0-beta.2</version> <!-- {x-version-update;com.azure:azure-identity;current} -->
+      <version>1.11.3</version> <!-- {x-version-update;com.azure:azure-identity;current} -->
     </dependency>
     <dependency>
       <groupId>com.azure</groupId>
diff --git a/sdk/identity/azure-identity/CHANGELOG.md b/sdk/identity/azure-identity/CHANGELOG.md
index e15f79691cce..b8c0df9b9e03 100644
--- a/sdk/identity/azure-identity/CHANGELOG.md
+++ b/sdk/identity/azure-identity/CHANGELOG.md
@@ -1,5 +1,14 @@
 # Release History
 
+## 1.11.3 (2024-03-01)
+
+### Other Changes
+
+#### Dependency Updates
+
+- Upgraded `azure-core` from `1.46.0` to version `1.47.0`.
+- Upgraded `azure-core-http-netty` from `1.14.0` to version `1.14.1`.
+
 ## 1.11.2 (2024-02-05)
 
 ### Bugs Fixed
diff --git a/sdk/identity/azure-identity/pom.xml b/sdk/identity/azure-identity/pom.xml
index 5c8ad78ce218..d04b01216910 100644
--- a/sdk/identity/azure-identity/pom.xml
+++ b/sdk/identity/azure-identity/pom.xml
@@ -6,7 +6,7 @@
 
   <groupId>com.azure</groupId>
   <artifactId>azure-identity</artifactId>
-  <version>1.11.2</version><!-- {x-version-update;com.azure:azure-identity;current} -->
+  <version>1.11.3</version><!-- {x-version-update;com.azure:azure-identity;current} -->
 
   <name>Microsoft Azure client library for Identity</name>
   <description>This module contains client library for Microsoft Azure Identity.</description>
@@ -33,12 +33,12 @@
     <dependency>
       <groupId>com.azure</groupId>
       <artifactId>azure-core</artifactId>
-      <version>1.46.0</version> <!-- {x-version-update;com.azure:azure-core;dependency} -->
+      <version>1.47.0</version> <!-- {x-version-update;com.azure:azure-core;dependency} -->
     </dependency>
     <dependency>
       <groupId>com.azure</groupId>
       <artifactId>azure-core-http-netty</artifactId>
-      <version>1.14.0</version> <!-- {x-version-update;com.azure:azure-core-http-netty;dependency} -->
+      <version>1.14.1</version> <!-- {x-version-update;com.azure:azure-core-http-netty;dependency} -->
     </dependency>
     <dependency>
       <groupId>com.microsoft.azure</groupId>
@@ -53,7 +53,7 @@
     <dependency>
       <groupId>com.azure</groupId>
       <artifactId>azure-core-test</artifactId>
-      <version>1.23.0</version> <!-- {x-version-update;com.azure:azure-core-test;dependency} -->
+      <version>1.24.0</version> <!-- {x-version-update;com.azure:azure-core-test;dependency} -->
       <scope>test</scope>
     </dependency>
     <dependency>
@@ -95,19 +95,19 @@
     <dependency>
       <groupId>redis.clients</groupId>
       <artifactId>jedis</artifactId>
-      <version>4.3.1</version> <!-- {x-version-update;redis.clients:jedis;external_dependency} -->
+      <version>5.1.0</version> <!-- {x-version-update;redis.clients:jedis;external_dependency} -->
       <scope>test</scope>
     </dependency>
     <dependency>
       <groupId>io.lettuce</groupId>
       <artifactId>lettuce-core</artifactId>
-      <version>6.2.0.RELEASE</version> <!-- {x-version-update;io.lettuce:lettuce-core;external_dependency} -->
+      <version>6.3.1.RELEASE</version> <!-- {x-version-update;io.lettuce:lettuce-core;external_dependency} -->
       <scope>test</scope>
     </dependency>
     <dependency>
       <groupId>org.redisson</groupId>
       <artifactId>redisson</artifactId>
-      <version>3.17.0</version> <!-- {x-version-update;org.redisson:redisson;external_dependency} -->
+      <version>3.27.0</version> <!-- {x-version-update;org.redisson:redisson;external_dependency} -->
       <scope>test</scope>
     </dependency>
     <dependency>