Infosys announces Q4 results, profit jumps 1.14 percent

Date: 14-Apr-2010

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Bangalore: IT major Infosys Technologies announced its fourth quarter results of financial year 2010 (FY10) today and it reported a 1.14 percent increase in its net profit to Rs. 1,600 crore as against Rs. 1582 crore, on quarter-on-quarter basis (QoQ). Revenues for the same quarter increased 3.54 percent to Rs. 5,944 crore versus Rs. 5,741 crore (QoQ). 

 

Operating margins declined to 34.02 percent versus 35.5 percent (QoQ) and FY10 EPS stood at Rs. 109.72 per share. Revenues from North America grew by 4.4 percent (QoQ) and 4.5 percent in constant currency and from Europe grew by 7.9 percent (QoQ) and 11.8 percent in constant currency. BFSI grew by 5.9 percent (QoQ) and 6.7 percent in constant currency and manufacturing grew by 10.2 percent(QoQ) and 11.3 percent in constant currency.

The company recruited 27,639 employees in FY10 and has made 19,000 campus offers for FY11. Its $200 million plus client was down from two in Q3 to one in Q4. The Top 5 client's contribution was down from 17.6 percent to 15.8 percent in Q4 versus Q3.

In its guidance for FY 2011, Infosys expects a revenue growth of 16-18 percent in dollar terms with the revenue in FY 2011 at $5.57-5.67 billion and EPS growth at 4.3-8.6 percent for the next financial year. In rupee terms, Infosys lowered its guidance for FY11. It expects EPS at Rs. 106.82-111.28 per share and revenue growth of 9-11 percent.

Posted By : Neha Chaturvedi

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