CIMdata PLM Industry Summary Online Archive
12 July 2013
Financial News
Infosys: Q1 Revenues Grew by 13.6% Year-on-Year; 2.7% Quarter-on-Quarter
Financial Highlights:
Consolidated results under International Financial Reporting Standards (IFRS) for the quarter ended June 30, 2013:
- Revenues were $1,991 million for the quarter ended June 30, 2013
- QoQ growth was 2.7%
- YoY growth was 13.6%
- Net profit was $ 418 million for the quarter ended June 30, 2013
- QoQ decline was 5.9%
- YoY growth was 0.5%
- Earnings per American Depositary Share (EPADS) was $0.73 for the quarter ended June 30, 2013
- QoQ decline was 6.4%
- YoY unchanged.
- Liquid assets including cash and cash equivalents, available-for-sale financial assets, and government
- bonds were $4.1 billion versus $4.4 billion as on March 31, 2013
Other highlights:
- Infosys and its subsidiaries added 66 clients during the quarter
- Gross addition of 10,138 employees (net addition of 575) for the quarter by Infosys and its subsidiaries
- 157,263 employees as on June 30, 2013 for Infosys and its subsidiaries
“Despite facing an uncertain macro environment, changing regulatory regime and a volatile currency environment, we have done well in Q1 and are cautiously optimistic about rest of the year,” said S. D. Shibulal, CEO and Managing Director.
“We maintained our margins and continued making investments in the business,” said Rajiv Bansal, Chief Financial Officer. “We have announced compensation increases for FY 14 effective July which will affect our margins in the future quarters.”
To view an unabridged version of this press release, visit: http://www.infosys.com/investors/reports-filings/quarterly-results/2013-2014/q1/Documents/IFRS-USD-press-release.pdf
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