BANGALORE, India, July 11, 2014 /PRNewswire/ --
Q1 revenue growth at 7.1% YoY in USD terms;
Q1 EPS at $ 0.84; YoY growth of 15.1%;
FY 15 revenues expected to grow 7%-9% in USD terms
Financial Highlights
Consolidated results under International Financial Reporting Standards (IFRS) for the quarter ended June 30, 2014
Quarter ended June 30, 2014
- Revenues were $ 2,133 million for the quarter ended June 30, 2014
QoQ growth was 2.0%
YoY growth was 7.1%
- Net profit was $ 482 million for the quarter ended June 30, 2014
QoQ growth was (1.0%)
YoY growth was 15.3%
- Earnings per share (EPS) was $ 0.84 for the quarter ended June 30, 2014
QoQ growth was (1.2%)
YoY growth was 15.1%
- Liquid assets including cash and cash equivalents, available-for-sale
financial assets, certificates of deposits and government bonds were $ 4,943 million
as on June 30, 2014 as compared to $ 5,048 million as on March 31, 2014
(Logo: http://photos.prnewswire.com/prnh/201301... )
Other Highlights
Infosys and its subsidiaries
- Added 61 clients during the quarter
- Added 11,506 employees (gross) during the quarter
161,284 employees as on June 30, 2014 for Infosys and its subsidiaries
"We continue to enjoy the confidence of our clients by demonstrating superior execution capability and value realization," said S. D. Shibulal, CEO and Managing Director. "As I transition the CEO mantle to Vishal, I am confident that he will leverage this strong foundation to take Infosys to greater heights. I wish him the very best."
"We saw positive trends in our large deal wins during the quarter. We believe that this momentum will hold us in good stead as we focus on increasing volumes," said U. B. Pravin Rao, COO. "Employee attrition rates are worrisome and we are implementing various initiatives to retain good talent."
"We improved operational performance as a result of our cost optimization initiatives and a focus on increasing productivity and utilization. This partially offset the impact of compensation increases for our employees this quarter," said Rajiv Bansal, CFO. "It will help us invest in areas that will accelerate growth."
Outlook*
The company's outlook (consolidated) for the fiscal year ending March 31, 2015, under IFRS is as follows:
- Revenues are expected to grow 7%-9%
Business Highlights
- We partnered with a global automotive leader to engineer new concepts in
driver awareness and safety telematics. The core principles of the proof of concept
were to reduce driver distraction, manage driver load and allow passengers to enable
drivers with online navigation capabilities
- We launched a cloud-based version of our Clinical Trial Supply Management
solution to help life sciences companies enhance the efficiency of clinical trial
processes and drive greater collaboration between pharmaceutical companies and
contract research organizations
- Our consulting practice continues to deliver innovative solutions for our
clients. A leading insurance company has engaged us to develop a smartphone app that
allows parents to set up a simple app-based driving agreement with their teenage
drivers. The app helps establish where, when and how fast the teen can drive and the
teen driver can earn "safe mile" points that can be accumulated and redeemed for
rewards
- We continue to make significant progress in our efforts to accelerate the
digital transformation of our clients. Our Cloud and Big Data business has executed
over 260 engagements till date and won over 20 new engagements over the past quarter
- We were engaged by a leading pharmaceutical company to develop a B2C Android
app to promote their anti-nicotine initiative. A leading developer of video games
partnered with us to design, build and sustain a platform for mobile gaming that
presents gamers with a connected experience integrated with social networking
platforms
- Finacle(TM) sustained its growth momentum with 9 new wins and 13 go lives
across the world. Eastern Bank, the largest and oldest mutually owned bank in the
United States, selected Finacle e-banking, mobile banking, and enterprise alert
solutions to make banking easier for its customers and drive growth. FONDEP, one of
Morocco's leading microfinance institutions, chose Infosys Finacle for its strategic
core banking transformation program
- Infosys Public Services Inc. was engaged to improve member service for a
National Medicaid and Medicare Plan and reduce operations costs by rationalizing their
technology landscape. We migrated their Medicare Advantage administrative systems to
the TriZetto FACETS(TM) platform in a managed capacity model
- Our products and platforms business has seen good traction over the quarter. A
large Europe-based multinational financial services company, now opening its doors to
digital consumers, selected BrandEdge to reassess its growth strategies. A leading
sports apparel and accessories trading company in India selected InteractEdge to
design and launch the first omni-channel eCommerce website in the country
- We applied for 5 unique patents, in India and the USA, during the fourth
quarter, adding to a total of 523 unique patent applications in various stages of
patent prosecution in India, the USA and other jurisdictions. So far we have been
granted 177 patents by the United States Patent and Trademark Office, 3 patents by the
Luxembourg Patent Office and 1 patent by the Australian Patent Office
Awards and Recognition
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