Q1 revenue growth at 7.1% YoY in USD terms;
Q1 EPS at $ 0.84; YoY growth of 15.1%;
FY 15 revenues expected to grow 7%-9% in USD terms
Financial Highlights
Consolidated results under International Financial Reporting Standards (IFRS) for the quarter ended June 30, 2014
Quarter ended June 30, 2014
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Revenues were $ 2,133 million for the quarter ended June 30, 2014
- QoQ growth was 2.0%
- YoY growth was 7.1%
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Net profit was $ 482 million for the quarter ended June 30, 2014
- QoQ growth was (1.0%)
- YoY growth was 15.3%
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Earnings per share (EPS) was $ 0.84 for the quarter ended June 30, 2014
- QoQ growth was (1.2%)
- YoY growth was 15.1%
- Liquid assets including cash and cash equivalents, available-for-sale financial assets, certificates of deposits and government bonds were $ 4,943 million as on June 30, 2014 as compared to $ 5,048 million as on March 31, 2014
Other Highlights
Infosys and its subsidiaries
- Added 61 clients during the quarter
- Added 11,506 employees (gross) during the quarter
161,284 employees as on June 30, 2014 for Infosys and its subsidiaries
"We continue to enjoy the confidence of our clients by demonstrating superior execution capability and value realization," said S. D. Shibulal, CEO and Managing Director. "As I transition the CEO mantle to Vishal, I am confident that he will leverage this strong foundation to take Infosys to greater heights. I wish him the very best."
"We saw positive trends in our large deal wins during the quarter. We believe that this momentum will hold us in good stead as we focus on increasing volumes," said U. B. Pravin Rao, COO. "Employee attrition rates are worrisome and we are implementing various initiatives to retain good talent."
"We improved operational performance as a result of our cost optimization initiatives and a focus on increasing productivity and utilization. This partially offset the impact of compensation increases for our employees this quarter," said Rajiv Bansal, CFO. "It will help us invest in areas that will accelerate growth."
To view an unabridged version of this press release, visit: http://www.infosys.com/investors/reports-filings/quarterly-results/2014-2015/q1/Documents/IFRS-USD-press-release.pdf
