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Infosys Ltd. Message Board

  • bluecheese4u bluecheese4u Jan 11, 2013 7:31 AM Flag

    Infosys (NYSE: INFY) Announces Results for the Quarter ended December 31, 2012

    Infosys (NYSE: INFY) Announces Results for the Quarter ended December 31, 2012

    Q3 Revenues grow by 6.3% quarter on quarter

    Bangalore, India – January 11, 2013
    Financial Highlights
    Consolidated results under International Financial Reporting Standards (IFRS) for the quarter ended
    December 31, 2012
     Revenues were $1,911 million for the quarter ended December 31, 2012;
    QoQ growth was 6.3%
    YoY growth was 5.8%
     Revenues excluding Lodestone were $1,872 million;
    QoQ growth was 4.2%
    YoY growth was 3.7%
     Net income after tax was $434 million for the quarter ended December 31, 2012 against $431 million
    for the quarter ended September 30, 2012
     Earnings per American Depositary Share (EPADS) was $0.76 for the quarter ended December 31,
    2012 against $0.75 for the quarter ended September 30, 2012
     Liquid assets including cash and cash equivalents, current available-for-sale financial assets,
    investment in certificates of deposits and government bonds were $4.1 billion versus $4.3 billion as on
    September 30, 2012
    Other highlights:
     The company won 8 large outsourcing deals amounting to US$ 731 million of total contract value
     14 new wins for Infosys’ products and platforms
     Infosys and its subsidiaries added 53 clients during the quarter
     Gross addition of 7,499 employees (net addition of 977) for the quarter by Infosys and its subsidiaries.
     155,629 employees as on December 31, 2012 for Infosys and its subsidiaries
     Completed the acquisition of Lodestone Holding AG, a leading management consultancy based in
    Switzerland
     Infosys American Depositary Shares (ADS) have started trading on the New York Stock Exchange
    (NYSE) under the ticker symbol ‘INFY’. The company is in the process of listing its ADS on the Paris
    and London exchanges of NYSE Euronext.
    “We have done well in this quarter despite an uncertain environment,” said S. D. Shibulal, CEO and
    Managing Director. “We continue to gain confidence from a strong pipeline of large deals. However,
    the broader economic environment remains difficult. Even so, we remain cautiously optimistic about
    the January-March quarter”, he added.
    “We were able to maintain our margins through efficiency improvements despite increased operating
    expenses. We remain focused on making the right investments for profitable and sustainable growth
    in the longer term", said Rajiv Bansal, Chief Financial Officer.

    Outlook*
    The company’s outlook (consolidated) for the fiscal year ending March 31, 2013, under IFRS is as follows:
     Revenues** are expected to be at least $7,450 million;
     Earnings per American Depositary Share (EPADS) is expected to be at least $2.97;
    * Exchange rates considered for major global currencies: AUD / USD – 1.04; GBP / USD – 1.62; Euro / USD – 1.32 for
    rest of fiscal 2013
    ** Includes $104 million from Lodestone
    Business Highlights
     The company won 8 large outsourcing deals amounting to US$ 731 Mn of total contract value
     Our offerings in the Products and Platforms space continue to see good momentum. This quarter we
    had 14 wins across industries and geographies. Infosys products and platforms (excluding Finacle™)
    are now adopted by more than 70 global clients.
     A Blue Cross Blue Shield Plan selected us as a strategic partner to provide enterprise-wide testing
    services and establish a Test CoE within its IT organization, aimed at creating testing processes and
    frameworks to support the company’s ongoing transformation due to US healthcare reform. Another
    Blue Cross Blue Shield Plan is leveraging Infosys iTransform™ product and services to help its ICD-
    10 migration, mandated by the U.S. federal government.
     Our focus on Cloud as a new growth area continues to yield results and the Cloud business currently
    has more than 190 engagements and 3,500 experts. Over the last quarter, we won more than 15
    engagements across Cloud services, Big Data and Security. Our vision of being a Cloud Ecosystem
    Integrator has gained increasing acceptance with clients and we are working with more than 30
    partners to help clients create and manage their unified hybrid cloud environments.
     During the third quarter, Infosys applied for seven patent applications in India and the U.S. With this, it
    has 525 patent applications in India, the U.S. and other jurisdictions, and has been granted 71 patents
    by the United States Patent and Trademark Office and two patents by the Luxembourg patent office.
    investment in certificates of deposits and government bonds were $4.1 billion versus $4.3 billion as on
    September 30, 2012
    Other highlights:
     The company won 8 large outsourcing deals amounting to US$ 731 million of total contract value
     14 new wins for Infosys’ products and platforms
     Infosys and its subsidiaries added 53 clients during the quarter
     Gross addition of 7,499 employees (net addition of 977) for the quarter by Infosys and its subsidiaries.
     155,629 employees as on December 31, 2012 for Infosys and its subsidiaries
     Completed the acquisition of Lodestone Holding AG, a leading management consultancy based in
    Switzerland
     Infosys American Depositary Shares (ADS) have started trading on the New York Stock Exchange
    (NYSE) under the ticker symbol ‘INFY’. The company is in the process of listing its ADS on the Paris
    and London exchanges of NYSE Euronext.
    “We have done well in this quarter despite an uncertain environment,” said S. D. Shibulal, CEO and
    Managing Director. “We continue to gain confidence from a strong pipeline of large deals. However,
    the broader economic environment remains difficult. Even so, we remain cautiously optimistic about
    the January-March quarter”, he added.
    “We were able to maintain our margins through efficiency improvements despite increased operating
    expenses. We remain focused on making the right investments for profitable and sustainable growth
    in the longer term", said Rajiv Bansal, Chief Financial Officer.

    IFRS USD
    infosysDOTcom/investors/reports-filings/quarterly-results/2012-2013/Q3/Documents/IFRS-USD-press-release.pdf

    Fact Sheet
    infosysDOTcom/investors/reports-filings/quarterly-results/2012-2013/Q3/Documents/fact-sheet.pdf

    IFRS USD Earnings release
    infosysDOTcom/investors/reports-filings/quarterly-results/2012-2013/Q3/Documents/IFRS-USD-Earnings-release.pdf

 
INFY
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