CIMdata PLM Industry Summary Online Archive
13 April 2012
Financial News
Infosys Announces Results for the Quarter and Year Ended March 31, 2012
- Q4 revenues declined by 1.9% sequentially; FY12 revenues grew by 15.8%
- Fiscal 2013 revenues expected to grow by 8.0% to 10.0%
Highlights
Consolidated results under International Financial Reporting Standards (IFRS) for the quarter ended March 31, 2012
Revenues were $1,771 million for the quarter ended March 31, 2012;
QoQ decline was 1.9%; YoY growth was 10.5%
Net income after tax was $463 million for the quarter ended March 31, 2012;
QoQ growth was 1.1%; YoY growth was 15.2%
Earnings per American Depositary Share (EPADS) was $0.81 for the quarter ended March 31, 2012;
QoQ growth was 1.3%; YoY growth was 15.7%
52 clients were added during the quarter by Infosys and its subsidiaries
Gross addition of 10,676 employees (net addition of 4,906) for the quarter by Infosys and its subsidiaries
149,994 employees as on March 31, 2012 for Infosys and its subsidiaries
The Board of Directors recommended a final dividend of `22 per ADS for fiscal 2012 and a special dividend of `10 per ADS on account of completion of 10 years of Infosys BPO operations (equivalent to final dividend of approximately $0.43 per ADS and special dividend of 10 years of Infosys BPO operations of $0.20 per ADS at the prevailing exchange of `50.88 per US$). The Register and ShareTransfer Books of the Company will be closed from May 26, 2012 to June 9, 2012 (both days inclusive)
“The year ahead looks challenging for the IT services industry, with slow recovery in the global markets,” said S. D. Shibulal, CEO and Managing Director. “We are executing on our Infosys 3.0 strategy which is meant to deliver high quality growth in the medium to long term. We are makinginvestments and have put in place a structure to deliver on this strategy.”
Business outlook
The company’s outlook (consolidated) for the quarter ending June 30, 2012 and for the fiscal year ending
March 31, 2013, under IFRS is as follows:
Outlook under IFRS – consolidated*
Quarter ending June 30, 2012
Revenues are expected to be in the range of $1,771 million and $1,789 million;
YoY growth of 6.0% to 7.1%
Earnings per American Depositary Share (EPADS) is expected to be $0.73;
YoY growth of 9.0%
Fiscal year ending March 31, 2013
Revenues are expected to be in the range of $7,553 million and $7,692 million;
YoY growth of 8.0% to 10.0%
Earnings per American Depositary Share (EPADS) is expected to be in the range of $3.12 to $3.17;
YoY growth of 4.0% to 5.7%
* Exchange rates considered for major global currencies: AUD / USD – 1.04; GBP / USD – 1.60; Euro / USD – 1.33
Excerpt from the unabridged press release which is available at http://www.infosys.com/investors/reports-filings/quarterly-results/2011-2012/Q4/Documents/IFRS-USD-press-release.pdf
Engineering services
Our engineering and technology services are seeing good traction. A semi-conductor chip manufacturer, partnered with us to develop and validate a path breaking Wi-Fi solution, built on a future tablet platform. We are designing and developing a new wireless medical communication chipset, along with firmware, precompliance testing and prototype development for a medical device major in collaboration with its eco-system of labs and board manufacturing partners.
A provider of industrial productivity solutions has engaged us to improve the collaboration of its research and development centers across the globe, reduce time to market and product development costs through a transformational Product Lifecycle Management (PLM) implementation. The marine division of an independent safety assurance player selected us to develop knowledge based engineering solutions and tools to monitor the structural health and sea worthiness of its ships.
An aircraft manufacturer partnered with us to harmonize its design and PLM systems to overhaul performance and improve the time to volume for critical aircraft parts.
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