CIMdata PLM Industry Summary Online Archive
12 April 2013
Financial News
Infosys: Q4 Revenues Grew by 1.4% Sequentially; FY13 Revenues Grew by 5.8%
Consolidated results under International Financial Reporting Standards (IFRS) for the quarter ended March 31, 2013:
- Revenues were $1,938 million for the quarter ended March 31, 2013;
- QoQ growth was 1.4%
- YoY growth was 9.4%
- Net profit was $444 million for the quarter ended March 31, 2013;
- QoQ growth was 2.3%
- YoY decline was 4.1%
- Earnings per American Depositary Share (EPADS) was $0.78 for the quarter ended March 31, 2013;
- QoQ growth was 2.6%
- YoY decline was 3.7%
- The Board of Directors recommended a final dividend of `27 per ADS for fiscal 2013 (equivalent to final dividend of approximately $0.50 per ADS at the prevailing exchange of `54.29 per US$). The Register and Share Transfer Books of the Company will be closed from June 1, 2013 to June 15 2013 (both days inclusive)
- Liquid assets including cash and cash equivalents, current available-for-sale financial assets, investment in certificates of deposits and government bonds were $4.4 billion versus $4.1 billion as on December 31, 2012
Other highlights:
- Infosys and its subsidiaries added 56 clients during the quarter
- Gross addition of 8,990 employees (net addition of 1,059) for the quarter by Infosys and its subsidiaries
- 156,688 employees as on March 31, 2013 for Infosys and its subsidiaries
- The company listed its American Depository Shares (ADS) on NYSE Euronext’s (NYX) London and Paris markets
- The company has decided to set aside up to US$100 million to invest in products, platforms and solutions ideas in line with Infosys 3.0 strategy
“Global economic uncertainties remain challenging for the IT industry,” said S. D. Shibulal, CEO and Managing Director. “We are progressing well on our strategic direction of building a high-quality company which is relevant to our clients. We are making all the investments necessary to differentiate ourselves in the market place while positioning ourselves as a partner of choice for our clients.”
“The global currency market continues to be volatile reflecting the uncertain economic environment. Our hedging strategy helps us to minimize the volatility impact," said Rajiv Bansal, Chief Financial Officer. “We have a healthy balance sheet with our cash and cash equivalents at US$ 4.4 billion.”
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