BANGALORE, India, January 11, 2013 /PRNewswire/ --
Q3 Revenues Grow by 6.3% Quarter on Quarter
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 |
** 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(TM)) 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(TM) 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.
Awards and Recognition
Infosys has been consistently honored by influencers
- We were declared the winners of 2012 Asia's Most Admired Knowledge
Enterprises (MAKE) study by Teleos, in association with The KNOW Network for the 10th
time, for developing knowledge based products and services.
- Infosys BPO Ltd. has been awarded the prestigious 2012 Optimas Award for
'Managing Change', recognizing exemplary achievements in workforce management and for
successfully integrating new employees from around the globe into the organization.
- Infosys BPO Ltd. won the Gold Award for Marketing Excellence in the category
of 'Marketing with Social and Interactive Media' at the Information Technology
Services Marketing Association (ITSMA) Awards 2012.
- We have received the Microsoft Platform Modernization Award for sales
achievement for our Legacy Modernization solution, which helps customers migrate to
Microsoft platforms.
- We were awarded the National Energy Conservation Award 2012 for our energy
conservation efforts at our campuses in Jaipur and Pune.
- We have been awarded the global No. 1 position for our corporate governance
practices by IR Global Rankings (IRGR).
- Finacle(TM) from Infosys has been ranked as a long-term leader in The
Forrester Wave(TM): Global Banking Platforms, Q4 2012
About Infosys Ltd
Infosys partners with global enterprises to drive their innovation-led growth. That's why Forbes ranked Infosys 19th among the top 100 most innovative companies. As a leading provider of next-generation consulting, technology and outsourcing solutions, Infosys helps clients in more than 30 countries realize their goals.
Visit http://www.infosys.com and see how Infosys , with its 150,000+ people, is Building Tomorrow's Enterprise(R) today.
Safe Harbor
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