Infosys

By Research Desk
about 10 years ago
Infosys

 

Infosys showed a sequential degrowth in consolidated net profit of 3.5% at Rs.2886 crore but the market is not too perturbed as it had expected a much sharper fall. There was a ‘fall’ in the numbers all along but all much lower than expected. Consolidated revenue came in at Rs.12,770 crore, down 0.8% though dollar revenue rose 2% at $2,133 million.

EBITDA for the quarter came in at Rs.3211 crore, down 2% (QoQ) while the EBTDA margin slipped down to 25.1%, down 40 bps.  Growth, in that sense was led by North America, which showed a 4% sequential growth in revenue though Europe showed a decline of 1%. India was amongst the worst performers, with the company showing a decline of 7%.

Liquid assets including cash and cash equivalents, available-for-sale financial assets, certificates of deposits and government bonds were Rs.29,748 crore as on June 30, 2014 as compared to Rs.30,251 crore as on March 31, 2014. The company, during the quarter added 61 clients and 11,506 employees, taking the total employee tally to 161,284 employees. Utilisation, excluding trainees was at 80.1%, up from 76.7% in Q4. Attrition rate has risen from 18.7% to 19.5%.

The company maintained its revenue guidance for FY15 at 7-9% in dollar terms and in rupee terms, expects a growth of 5.6 to 7.6%, assuming rupee to dollar conversion rate at Rs.60/dollar.

1498.80 (+14.70)

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