Earnings per share came in at Rs 33.36. AFP
Software exporter Infosys has announced a net profit of Rs 1,906 crore for the quarter ended September, up 11 percent from the previous quarter and 10 percent higher from a year ago, according to a press release. The results were better than expected. Revenues from software services and products came in at Rs 8,099 crore, up 8.2 percent from a quarter ago and 16.6 percent higher from a year ago. Earnings per share came in at Rs 33.36.
“The global macroeconomic environment is still uncertain. It is and should be a concern for the IT industry. In this scenario, clients are looking for new opportunities for growth, accelerated innovation and increased returns on investments,” Infosys CEO and Managing Director S D Shibulal said in a statement. Infosys’ strategic initiatives and organisational structure will enable it to build long-term partnerships with clients and help drive their business objectives, he added.
Revenues are expected to be in the range of Rs 8,826 crore to Rs 9,012 crore for the quarter ending December 31, a year-on-year growth of 24.2 per cent to 26.8 per cent.For the financial year ending March 31, 2012, it has estimated revenues of Rs 33,501 crore to Rs 34,088 crore, a year-on-year growth of 21.8 per cent to 24 per cent, the statement said.The company’s board has proposed an interim dividend of Rs 15 per equity share.
As on September 30, 2011, Infosys’ cash and cash-equivalents, including investments in available-for-sale financial assets and certificates of deposits, stood at Rs 18,601 crore, as against Rs 17,388 crore on the corresponding day last year.
It said 45 clients added during the quarter. There was also a gross addition of 15,352 employees (net addition of 8,262) for the quarter.Infosys’ shares soared after the results and are currently up nearly 6 percent at Rs 2,650.
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