Infosys net profit grows 2.21 pct in quarter four results
April 14th, 2010 - 12:57 pm ICT by ANIBangalore, Apr 14 (ANI): Infosys Technologies, a software services exporter posted 2.21 percent growth in net profit at rupees 16.17 million for the fourth quarter ending March 31, 2010.
S D Shibulal, Chief Operating Officer, Infosys, Bangalore disclosed this at a press conference here on Tuesday.
“The quarter has done very well. We have grown 5.2 percent in volume terms. Our top 25 clients have grown 7.6 percent, so it has been a very good quarter for us,” said Shibulal.Infosys, sector leader Tata Consultancy Services, and the third-ranked Wipro have revived hiring, signalling improving demand for the outsourcing sector.
Infosys added 47 clients during the period between January and March, its strongest pace of additions in seven quarters, taking the total tally to 575.
Over 1.8 million of Infosys shares were traded on the BSE, while over 17 times the daily average over the last 30 days.
“At the beginning of the year, we had said that our operating margin would down by about 300 basis points. We are ending the year with an operating margin increase of 90 basis points. So, clearly again our initiatives towards controlling costs, our initiatives to manage our expenses have worked. We have also been able to take advantage of the growth,” said Chris Gopalkrishnan, Chief Executive Officer and Managing Director, Infosys Technologies, Bangalore.
Infosys, which counts Goldman Sachs, BT Group and BP among its customers, expects its dollar revenue to rise 16-18 percent in the year that started on April 1. Most brokerages were expecting growth of 12-15 percent.
Bangalore-based Infosys, set up in 1981 with 250 dollars borrowed from the spouses of their seven founders, expects its earnings per share to rise 4.3-8.6 percent for the full year. (ANI)
- European crisis hits profits of Infosys - Jul 13, 2010
- Infosys beats guidance but stock dips on muted earnings - Jul 12, 2011
- Wipro outlook cautious on flat growth (Lead) - Apr 25, 2012
- Infosys profits from weak rupee, lowers dollar guidance (Lead) - Jan 12, 2012
- Infosys to hire 35,000 techies this fiscal - Apr 13, 2012
- Infosys again ups fiscal guidance on double digit growth (Second Lead) - Jan 13, 2011
- Infosys lowers guidance for fiscal 2013 (Lead) - Apr 13, 2012
- Weak rupee benefits Infosys despite uncertainty - Oct 12, 2011
- Infosys beats guidance, revises outlook again - Oct 12, 2011
- India's IT industry bets on growth despite uncertainty - Jan 08, 2012
- Infosys ups revenue forecast on greater demand for services (Lead) - Jul 13, 2010
- Wipro admits to performing lower than industry peers (Second Lead) - Oct 22, 2010
- Ex-IITian is the new Infosys co-chairman - May 01, 2011
- Wipro sees higher IT revenue in Q3 on strong growth - Oct 22, 2010
- Infosys returns to double-digit growth, ups guidance again (Lead) - Oct 15, 2010
Tags: basis points, brokerages, bse, bt group, chief executive officer, chief operating officer, controlling costs, earnings per share, fourth quarter, goldman sachs, infosys technologies, managing director, net profit, operating margin, rupees, sector leader, software services, tata consultancy services, volume terms, wipro