Software outsourcing giant Infosys posted slightly higher quarterly profit than expected on Friday and maintained its revenue growth forecast despite weak rupee and uncertainty about US visas for its employees.
Here are the highlights of the Q1 results of Infosys:
* Revenues were Rs 11,267 crore for the quarter ended June 30,2013
QoQ growth: 7.8%
YoY growth: 17.2%
* Net profit was Rs 2,374 crore for the quarter ended June 30,2013
QoQ decline: 0.8%
YoY growth: 3.7%
* Earnings per share (EPS) was Rs 41.54 for the quarter ended June 30,2013
QoQ decline: 0.8%
YoY growth: 3.7%
* Liquid assets including cash and cash equivalents,available-for-sale financial assets,and government bonds were Rs 24,078 crore versus Rs 23,958 crore as on March 31,2013.
* Infosys and its subsidiaries added 66 clients during the quarter
* Gross addition of 10,138 employees (net addition of 575) for the quarter by Infosys and its subsidiaries
* 157,263 employees as on June 30,2013 for Infosys and its subsidiaries
Geographical segment growth
* North America grew by 4.9% sequentially,and 5% in constant currency
* Europe declined by 3% sequentially; and 2.4% in constant currency
* India grew by 10.4% sequentially
* Rest of the world grew by 2.4% sequentially and 6.5% in constant currency
Industry segment growth
* Financial Services and Insurance (FSI) segment grew by 1.9% sequentially; and 2.9% in constant currency
* Manufacturing (MFG) grew by 4% sequentially; and 4.5% in constant currency
* Retail,CPG,Logistics and Life Sciences (RCL) grew by 6.3% sequentially; and 6.7% in constant currency
* Energy & utilities and communications & services (ECS) declined by 1.6% sequentially; and 0.6% in constant currency.
The companys outlook (consolidated) for the fiscal year ending March 31,2014,under IFRS is as follows:
* Revenues are expected to grow 13% to 17%