The bellwether software company, Infosys reported a profit of 24 per cent, meeting expectations for the second quarter ended September 30, 2012.
According to data released by Thomson Reuters, Infosys was expected to post a 24.9 per cent rise in profit in the quarter ended September 30 to Rs. 23.8 billion.
While Mr. V. Balakrishnan will be giving up his position as CFO from October 31, 2012. Mr. Rajiv Bansal, currently Vice President - Finance will take over the position from November 1, 2012.
This is a list of the some of the important facts you might want to know from the company’s earnings.
(Images: Reuters, Getty Images and Yahoo!)
Revenue
Not only did the company meet forecasts in terms of revenue based on rupees which summed up to Rs. 9,858 crore but also did well in dollars. With a growth rate of 2.9 %, the dollar revenue is at $1,797 million for the year 2012 when compared to $1,746 million in 2011.
(Images for illustrative purposes only)
Cost of sales
Infosys has seen a significant 28.6% growth in cost of sales. The figures stand at Rs. 6102 crore as of September 30, 2012 when compared to Rs. 5810 crore in the previous quarter.
(Images for illustrative purposes only)
Operating expenses
Like any other company, administrative expenses, selling and marketing expenses for Infosys determines the overall growth of the company. Infosys reported its total operating expenses as Rs 1,159 for the second quarter with a growth rate of 7.9%.
(Images for illustrative purposes only)
Net Profit
With a growth rate of 24.3%, Infosys posted its consolidated net profit of Rs. 2,369 crore for the quarter ended September 2012, when compared to Rs. 2,289 crore in the previous quarter. However, the profits before income taxes for the quarter amounted to Rs. 3,303 crore.
(Images for illustrative purposes only)
Earnings per equity share
The basic and diluted EPS data for the quarter ended September 2012 was Rs. 41.46, up from Rs. 40.06 in June 2012.
(Images for illustrative purposes only)
According to Thomson Reuters commentary, Ankur Rudra, analyst in Amit Capital, Mumbai said, “The numbers are quite disappointing. The company continues to lag its peers. The departure of the CFO will continue to be an overhang on the stock in the near term, although he is not leaving the company. The cut in EPS guidance is specially disappointing.”
(Images for illustrative purposes only)
The company has a gross addition of 10,420 employees (net addition of 2,610) for the quarter by Infosys and its subsidiaries. Making it a total of 1,53,761 employees as on September 30, 2012 for Infosys and its subsidiaries.
(Images for illustrative purposes only)
“Global economic uncertainties continue to face the industry,” said S. D. Shibulal, CEO and Managing Director. “We have increased employee wages, used some of our cash in a transformational acquisition of a consulting business and enhanced our investment in R&D and solutions. These initiatives will position us well in the industry and provide a strong platform for future growth.”
(Images for illustrative purposes only)
The company’s outlook (consolidated) for the fiscal year ending March 31, 2013, under IFRS is as follows:
Revenues are expected to be at least Rs. 39,582 crore; YoY growth of 17.3%
Earnings per share (EPS) is expected to be at least Rs. 160.61; YoY growth of 10.3%
(Images for illustrative purposes only)
No comments:
Post a Comment