Financial Highlights
Consolidated results under International Financial Reporting Standards (IFRS) for the quarter ended December 31, 2013:
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Revenues were $2,100 million for the quarter ended December 31, 2013
- QoQ growth was 1.7%
- YoY growth was 9.9%
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Net profit was $463 million for the quarter ended December 31, 2013
- QoQ growth was 20.9%*
- YoY growth was 6.7%
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Earnings per American Depositary Share (EPADS) was $0.81 for the quarter ended December 31, 2013
- QoQ growth was 20.9%*
- YoY growth was 6.6%
- Liquid assets including cash and cash equivalents, available-for-sale financial assets, certificates of deposits and government bonds were $4.4 billion as on December 31, 2013 versus $4.3 billion as on September 30, 2013
* including the provision for visa related matters made in quarter ended September 30, 2013
Other highlights:
- Infosys and its subsidiaries added 54 clients during the quarter
- Gross addition of 6,682 employees for the quarter by Infosys and its subsidiaries
- 158,404 employees as on December 31, 2013 for Infosys and its subsidiaries
"The year ahead looks exciting for the IT services industry. We believe the global economic environment has improved and our clients are gaining confidence to invest in their strategic initiatives," said S. D. Shibulal, CEO and Managing Director. "We continue to differentiate ourselves to seize growth opportunities. The recent changes in organizational structure will enable us to strengthen client relationships and increase market share."
"During the quarter, we saw early but promising results of our initiatives to increase efficiency in our operations," said Rajiv Bansal, Chief Financial Officer. "We continue to remain focused on making investments necessary to secure and grow our future."
To view an unabridged version of this press release, visit: http://www.prnewswire.com/news-releases/infosys-nyse-infy-announces-results-for-the-quarter-ended-december-31-2013-239593561.html
