Infosys Reports Income of Rs. 5,472 Cr for Q1 2009, Up 12.7 Percent
IT News Online Staff
2009-07-10
Infosys Technologies has reported income of Rs. 5,472 crore for the first quarter ended June 30, 2009 an increase of 12.7% from the Rs. 4,854 crore posted in the same period a year ago.
Net profit after tax was Rs. 1,527 crore for the quarter, up 17.3% from Rs. 1,302 crore last year. Earnings per share increased 17.2% to Rs. 26.66 from Rs. 22.75 in the corresponding quarter of the previous year.
Infosys said the company and its units added 27 clients during the first quarter of 2009. In the quarter, 3,538 employees (net decline of 945) were hired by the company. As on June 30, 2009 Infosys and its units have a total of 1,03,905 employees.
"We believe that in the short term the global economic environment will continue to be challenging," said S. Gopalakrishnan, CEO and Managing Director. "We are working closely with our clients to help them navigate the downturn. We continue to invest in the future to take advantage of the growth opportunities in the medium to long term."
The company's outlook (consolidated) for the quarter ending September 30, 2009 and for the fiscal year ending March 31, 2010, under Indian GAAP and International Financial Reporting Standards (IFRS) is as follows:
Outlook under Indian GAAP - consolidated
Quarter ending September 30, 2009
- Income is expected to be in the range of Rs. 5,318 crore and Rs. 5,413 crore; YoY decline of 1.9% to 0.1%
- Earnings per share is expected to be in the range of Rs. 23.67 and Rs. 24.09; YoY decline of 5.4% to 3.7%
Fiscal year ending March 31, 2010
- Income is expected to be in the range of Rs. 21,416 crore and Rs. 21,747 crore; YoY decline of 1.3% to a growth of 0.3%
- Earnings per share is expected to be in the range of Rs. 94.59 and Rs. 96.00; YoY decline of 9.6% to 8.2%
Outlook under IFRS
Quarter ending September 30, 2009
- Consolidated revenues are expected to be in the range of $ 1,110 million and $ 1,130 million; YoY decline of 8.7% to 7.1%
- Consolidated earnings per American Depositary Share are expected to be in the range of $ 0.50 and $ 0.51; YoY decline of 10.7% to 8.9%
Fiscal year ending March 31, 2010
- Consolidated revenues are expected to be in the range of $ 4.45 billion and $ 4.52 billion; YoY decline of 4.6% to 3.1%
- Consolidated earnings per American Depositary Share are expected to be in the range of $ 1.97 and $ 2.00; YoY decline of 12.4% to 11.1%
Infosys Technologies Announces Results for the Quarter Ended June 30, 2009
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