Consolidated results under International Financial Reporting Standards (IFRS) for the quarter and year ended March 31, 2016 Quarter ended March 31, 2016
- Revenues were $ 2,446 million for the quarter ended March 31, 2016 QoQ growth was 1.6% in reported terms; 1.9% in constant currency terms YoY growth was 13.3% in reported terms; 15.0% in constant currency terms
- Operating profit was $ 625 million for the quarter ended March 31, 2016 QoQ growth was 4.3% YoY growth was 12.6%
- Net profit was $ 533 million for the quarter ended March 31, 2016 QoQ growth was 1.7% YoY growth was 7.0%
- Earnings per share (EPS) was $ 0.23 for the quarter ended March 31, 2016 QoQ growth was 1.7% YoY growth was 7.0% Year ended March 31, 2016
- Revenues were $ 9,501 million for the year ended March 31, 2016 YoY growth was 9.1% in reported terms; 13.3% in constant currency terms
- Operating profit was $ 2,375 million for the year ended March 31, 2016 YoY growth was 5.2%
- Net profit was $ 2,052 million for the year ended March 31, 2016 YoY growth was 1.9%
- Earnings per share (EPS) was $ 0.90 for the year ended March 31, 2016 YoY growth was 1.9%
- Liquid assets including cash and cash equivalents, available-for-sale financial assets and government bonds were $ 5,202 million as on March 31, 2016 as compared to $ 4,765 million as on December 31, 2015 and $ 5,214 million as on March 31, 2015 IFRS – USD Press Release Infosys Limited – Press Release Page 2 of 8
- The Board of Directors recommended a final dividend of `14.25 per share for fiscal 2016. This translates to a final dividend of $ 0.22 per share (at USD-INR rate of 66.26).
“I am proud of our company’s achievements in my first fiscal year as CEO of Infosys. At the same time, I am humbled by the task that is still in front of us. We started the year just two quarters into a strategy to completely reimagine the notion of services and to transform Infosys. Over the course of this year, we saw this strategy, of bringing automation and innovation to our clients, on a foundation of learning and education, start to show results in the organic growth of our client relationships, in our win rates in large deals, and in the types of projects we are seeing in strategic areas where we never participated before. I am proud of what our teams have achieved this quarter and in the year," said Dr. Vishal Sikka, CEO. "And yet despite these heartening results, they are still based on metrics of the past, of the way the industry has been. The world of our future looks entirely different – it is a world that is being fundamentally reshaped by digital technologies, and it is our endeavor to create great value for every business through solutions built on our AI technology and open, cloud platforms, to have Infoscions amplified by intelligent technology, to bring purposeful innovation to life, and in that sense, we are still very much at the beginning of this journey.”
“Employee attrition reduced further in Q4, and is reflective of increased engagement with our people all through the year, and our steps to make Infosys an exciting place for the world’s best talent. We continue to reimagine our internal processes to increase organizational agility.” said U B Pravin Rao, COO. “The momentum of large deal wins continued this quarter and bookings were strong.” “Our growth trajectory improved in FY 16 and we navigated the external business environment well. We will continue to focus on leveraging operational efficiency levers for consistent profitable growth.” said M.D. Ranganath, CFO. “During the quarter, cash generation was strong. We managed a volatile currency environment effectively.”
The Company’s outlook (consolidated) for the fiscal year ending March 31, 2017, under IFRS is as follows:
- Revenues are expected to grow 11.5%-13.5% in constant currency*;
- Revenues are expected to grow 11.8%-13.8% in USD terms based on the exchange rates as of March 31, 2016**
*AUD/USD – 0.73; Euro/USD – 1.10; GBP/USD – 1.51
**AUD/USD – 0.77; Euro/USD – 1.14; GBP/USD – 1.44
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