Infosys reported revenues of $1,746 million for the quarter ended September 30, 2011, up 16.7% from last year and 4.5% from the previous quarter.

Net income after tax was $411 million, up 9.9% from last year’s second quarter.

“The global macroeconomic environment is still uncertain. It is and should be a concern for the IT industry,” said S. D. Shibulal, CEO and Managing Director. “In this scenario, clients are looking for new opportunities for growth, accelerated innovation and increased returns on investments. Our strategic initiatives and organization structure will enable us to build long term partnerships with our clients and help them drive their business objectives.”

The company’s expects revenues to be in the range of $1,802 million and $1,840 million for the quarter ending December 31, 2011. That represents a growth of 13.7% to 16.1% over the previous year.

For its full fiscal year ending March 31, 2012, Infosys expects revenues to be in the range of $7.08 billion and $7.20 billion, a year-on-year growth of 17.1% to 19.1%

During the second quarter, Infosys and its subsidiaries added 45 clients and 8,262 new employees.

Source: www.top-consultant.com

Infosys said its revenues for its first fiscal quarter ended June 30 grew by 23% to $1.67 billion, compared to the previous year quarter. Quarter on quarter growth was 4.3%.

Net income after tax was $384 million for the quarter, which represented a 17% increase from the previous year but a 4.5% decline against the previous quarter. Earnings per share was $0.67.

“We have re-organized the company to be more industry domain focused which will accelerate innovation and make us more responsive to clients’ needs,” said S. Gopalakrishnan, Infosys CEO and managing director. “We believe that Infosys is well positioned to be a transformational partner for large clients even as they navigate through uncertain times.”

Looking ahead, Infosys expects revenues to be in the range of $1.73 billion to $1.76 billion, a yearly growth of 15.6% to 17.3%.

For the full fiscal year the company is forecasting revenues in the range of $7.13 billion and $7.25 billion, a year on year growth of 18% to 20%.

Source:  www.top-consultant.com

Source:  www.top-consultant.com

Bangalore-based Infosys said revenue for the quarter ended September 30, 2010 was $1.5 billion, representing a quarter on quarter growth of 10.2% and 29.6% annually.

Profit reached $374 million, up 14.7% from the previous quarter and 18.0% annually.

Both measures beat analyst expectations in dollar terms. Analysts had expected net profit of $346.5 million and revenue of $1.4 billion, according to a Thomson Reuters poll.

“Though the economic environment continues to be challenging, we have leveraged our client relationships, solutions and investments to grow faster in this quarter,” said S. Gopalakrishnan, CEO and Managing Director. “There are significant drivers for investment in Information Technology since any transformation program to “build tomorrow’s enterprises” requires these investments to be made. We are partnering with our clients on these initiatives.”

“Our operating margins improved during the quarter while our liquidity position was further strengthened with cash and cash equivalents reaching US $3.9 billion,” said V. Balakrishnan, Chief Financial Officer. “However, the continued global economic uncertainty, coupled with extreme currency volatility, is a concern for the industry.”

Infosys is forecasting revenue in the range of $1.547 billion and $1.562 billion for the next quarter and full year revenue growth of 24% to 25%.

Source: Top-Consultant

Infosys Technologies, India’s second largest IT services firm, has reported slow financial growth in 2010, but is predicting revenue growth of 16-18% in fiscal 2011 on the back of increased business momentum in last year’s fourth quarter.

In the year to 31 March 2010, Infosys’ net profit rose 2% to $1.3 billion (£846 million), on revenue also increasing 2% to $4.8 billion. But fourth-quarter net profit shot up 9%, on revenue rising 18%, leading the company to forecast similar revenue growth through fiscal 2011 for a total of around $5.6 billion.

Commenting on the results, Infosys CEO and managing director S Gopalakrishnan said: “We have been able to take advantage of the opportunities in the market and grow faster due to our investments in capacity and capability building even during the economic downturn. Although the economic environment continues to be challenging, businesses are investing in growth to build a better future.” One early win for Infosys in fiscal 2011 has been a three-year IT services contract with Microsoft. Infosys will manage Microsoft’s internal IT services across 450 locations in 104 countries. The deal is based on an outcome-based pricing model, allowing Microsoft to manage IT costs in line with business variables and demand.

Management Consultants’ News Direct

Quarterly results are Infosys’ highest sequential gain in the last eight quarters.

Infosys Technologies reported revenues of $1.232 billion for the quarter ended December 31, 2009, a 5.2% growth from a year ago and 6.8% from the previous quarter.

Net income after tax was $ 334 million for the quarter, a growth of 0.6% from a year ago and a 5.4% jump sequentially.

“Global economic recovery seems to be led by the US and the Financial Services,” said S. Gopalakrishnan, CEO and Managing Director. “Even though IT budgets are expected to be flat in 2010, offshore outsourcing is expected to benefit from this recovery.”

For the current quarter the company expects revenues to be in the range of $ 1.24 billion and $ 1.25 billion, representing year-on-year growth of 10.6% to 11.5%.

For the full year Infosys expects revenues to be in the range of $ 4.75 billion and $ 4.76 billion, representing year-on-year growth of 1.8% to 2.0%.

Source: Top-Consultant