BANGALORE, India, July 12, 2012 /PRNewswire/ --
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Q1 Revenues grew by 4.8% Year on Year
Highlights
Consolidated results under International Financial Reporting Standards (IFRS) for the quarter ended June 30, 2012
- Revenues were $1,752 million for the quarter ended June 30, 2012;
YoY growth was 4.8%
- Net income after tax was $416 million for the quarter ended June 30, 2012;
YoY growth was 8.3%
- Earnings per American Depositary Share (EPADS) was $0.73 for the quarter ended
June 30, 2012; YoY growth was 9.0%
- 51 clients were added during the quarter by Infosys and its subsidiaries
- Gross addition of 9,236 employees (net addition of 1,157) for the quarter by
Infosys and its subsidiaries
- 151,151 employees as on June 30, 2012 for Infosys and its subsidiaries
"Our focus on Infosys 3.0 and building tomorrow's enterprise coupled with disciplined execution will help us deliver high-quality growth, despite challenges seen in the global economic situation resulting in slower IT spends by large corporations," said S. D. Shibulal, CEO and Managing Director.
Business 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 $7.343bn;
YoY growth of 5.0% (6% in constant currency terms)
- Earnings per American Depositary Share (EPADS) is expected to be at least
$3.03; YoY growth of 1.0%
| | Exchange | rates | considered | for | major | global | currencies: | AUD | / | USD | - | 1.02; | GBP | / | USD | - | 1.56; | Euro | / | USD | - | 1 |
Awards and Recognition
Infosys was recognized by analysts, industry bodies and other influencers in the last quarter
- Infosys and British Telecom jointly won the prestigious Global Telecoms
Business Innovation Award 2012 under the Business Service Innovation category.
- The Infosys - RioTinto relationship won the Outsourcing Excellence Award, for
Best New Process/Application from Outsourcing Center, an Alsbridge company.
- We were awarded the Pegasystems Excellence in Solution Development Award for a
best-in-class insurance service delivery platform.
- Spirit AeroSystems recognized Infosys with the Platinum Award for consistent
high-quality engineering services.
- We received the 2012 IT Partner of the Year Award from Analog Devices, a
global leader in high-performance semiconductors for signal processing applications.
- The Asian Banker Technology Implementation Awards 2012 saw Finacle(TM) along
with DBS Bank winning the Best Core Banking Implementation for Regional and
International Banks Award.
- Another Finacle(TM) client, ING Vysya Bank won the Best Corporate Internet
Banking Initiative Award.
- Finacle(TM) also won joint first place in the Core Banking Technology Provider
of the Year category at The Banker's Innovation in Banking Technology Awards, 2012.
- We have been identified as one of the top 25 performers in the Caring for
Climate Initiative by UN Global Compact and UN Environment Program.
- We have also been recognized as an innovation leader in India in KPMG's 2012
Global Technology Innovation Survey.
Expansion of services and significant projects
Infosys is focused on delivering measurable business value to clients - be it initiating transformational process changes, accelerating innovation or optimizing operations
Consulting and Systems Integration
A processed and packaged goods food company has engaged us in a SAP advanced planning optimizer (APO) project to support its growth strategy by improving supply chain visibility, reducing cost and inventory, and increasing speed and agility to meet dynamic market demands. We are creating and implementing a roadmap for the online business for a retailer, designed to make it competitive in the rapidly growing e-commerce industry.
We were selected by a European energy trading house to develop and implement a capability platform strategy, designed to manage a dynamic business environment, improve competitiveness and reduce time-to-market. We have been selected as the strategic partner to implement the Oracle Product Management suite for a Middle Eastern food control authority to automate processes leading to faster response time, predictability and cost control.
A business real estate developer in the Asia Pacific (APAC) region has engaged us to define its IT outsourcing strategy and structure its IT shared services functions. For a mobile virtual network operator (MVNO) in UK, we are managing its e-commerce platform and will drive all future enhancements towards improving customer experience and increasing revenue share through the online channel. An automotive infotainment manufacturer partnered with us to streamline its sales, procurement and finance processes across various subsidiaries by providing new enterprise resource planning (ERP) solutions.
Business IT Services
For a large financial corporation, we are implementing a single sign-on solution for its commercial banking customers, providing simplified access to all commercial banking applications through a unified portal, enabling improved and superior customer experience. A luxury retailer has engaged us to work with its supply chain business team for the global classification of its products, free trade agreement planning, and bill of material analysis to reduce duties on international shipments. A managed network services company partnered with us to transform its service assurance platform to provide a flexible, scalable and high performance solution to serve end-customers.
We have been selected by a Middle Eastern travel house to help overhaul its IT systems to bring in greater operational efficiencies and enhance customer experience. An electricity and natural gas provider partnered with us to lower costs, automate and improve its helpdesk processes by introducing new technology and processes. An Australian water utility has engaged us to review its off-contract spends in the areas of maintenance, repairs and overhauls across 30 sites to develop a procurement plan that will identify key areas of spend suitable for sourcing activities and, in turn, enable considerable savings. A dairy company in Australia selected us to implement a significant procurement cost savings program covering a wide range of direct and indirect procurement categories including packaging, contract labor and maintenance related consumables.
Infosys Public Services
We are partnering with healthcare and public sector organizations in the U.S. and Canada to help them leverage the potential of technology to derive business value
A Blue Cross Blue Shield Plan is working with us to develop and maintain its benefits and services portal to configure custom health plans, streamline service delivery, and improve customer engagement as part of its strategic multi-year program to transform enterprise product processes. Another Blue Cross Blue Shield Plan selected our iTransform(TM) Payout Simulator product and engaged us to perform end-to-end International Statistical Classification of Diseases and Related Health Problems, 10th Revision (ICD-10) testing including benefit and financial neutrality for its ICD-10 compliance program mandated by the U.S. government.
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