BANGALORE, India, January 9, 2015 /PRNewswire/ --
Q3 constant currency revenue growth of 2.6% QoQ; 7.9% YoY
Reported revenues at $ 2,218 million; growth of 0.8% QoQ; 5.6% YoY
Operating margins at 26.7%; increase of 60 bps QoQ; 170 bps YoY
Net profit at $ 522 million; growth of 2.2% QoQ; 12.7% YoY
Volume growth of 4.2% QoQ (best in 3 years); 11.0% YoY
FY 15 revenue guidance maintained 7%-9% at Sep 30th exchange rates
Financial Highlights
Consolidated results under International Financial Reporting Standards (IFRS) for the quarter ended December 31, 2014
Quarter ended December 31, 2014
- Revenues were $ 2,218 million for the quarter ended December 31, 2014
QoQ growth was 2.6% in constant currency; 0.8% in reported terms;
YoY growth was 5.6%
- Net profit was $ 522 million for the quarter ended December 31, 2014
QoQ growth was 2.2%
YoY growth was 12.7%
- Earnings per share (EPS) was $ 0.46 for the quarter ended December 31, 2014
QoQ growth was 2.2%
YoY growth was 12.2%
- Liquid assets including cash and cash equivalents, available-for-sale
financial assets, certificates of deposits and government bonds were $ 5,532 million
as on December 31, 2014 as compared to $ 5,444 million as on September 30, 2014.
- The company has expanded its Innovation Fund from the current $ 100 million to
$ 500 million to support the creation of a global eco-system of strategic partners.
- Infosys has pledged INR 254 crore ($ 40 million) for FY 15 towards Corporate
Social Responsibility (CSR) which is primarily being carried out through the Infosys
Foundation, its philanthropic arm. The Infosys Foundation is engaged in several
programs aimed at alleviating hunger, promoting education, computing literacy,
improving health, assisting rural development, supporting arts and helping the
destitute.
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Other Highlights
- Infosys and its subsidiaries added 59 clients (gross) during the quarter.
- Gross addition of 13,154 employees during the quarter.
- 169,638 employees as on December 31, 2014 at Infosys and its subsidiaries.
- Highest utilization (excluding trainees) in 11 years
- Best volume growth in 3 years
- Made 100% variable payout for Q3
"We are excited by several breakthrough results in Q3. Our 'renew and new' strategy, is being received well by our clients and our ecosystem and we are already seeing its early adoption," said Dr. Vishal Sikka, CEO and Managing Director. "Based on our strong performance, we are intensifying our efforts to deepen employee engagement, client ecosystem and strengthen our foundation of education as we build a next-generation services company that innovates for consistent profitable growth."
"During the quarter, we saw broad-based volume growth, increased utilization and strong client additions," said U. B. Pravin Rao, Chief Operating Officer. "We have made 100% variable payout for Q3 and have seen a further decline in attrition as a result of multiple initiatives taken over the last few quarters."
"Our sequential revenue growth in Q3 was adversely impacted to the extent of 1.8% due to USD appreciation against other major currencies," said Rajiv Bansal, Chief Financial Officer. "We made required investments keeping in mind short-term priorities and long-term aspirations."
Business Highlights
Over this quarter, we have been actively planning and executing the elements required to realize our strategy of renewing the core and innovating into new frontiers, based on a culture of learning and creativity.
We are seeing strong traction and acceptance of our new strategy with clients, as we continue to invest in strategic partnerships, education and automation.
- Deutsche Bank selected Infosys as one of its strategic partners to help
consolidate and renew its enterprise application landscape with the benefits of cloud
re-platforming, mobile access, analytics and other operational efficiencies.
- A global software products company has chosen Infosys to help renew its core
Finance, HR and Legal IT platforms. Infosys, through a multi-year partnership, will
leverage its expertise in software development and engineering to co-innovate with the
client.
- We have covered over 9,000 employees across the company with design thinking
training; more than 400 of these are at senior levels. We have gone further and got
our clients to embrace design thinking concepts. We currently have a pipeline of
workshops for over 25 clients planned.
- A financial services company selected Infosys as its primary partner for
technology services worldwide. Infosys will build a next-generation authorization
platform, new mobile payment solutions and help transform the client's billing
systems. Infosys will also renew the client's application maintenance, testing and
production support infrastructure.
- Infosys continues to expand and enter into strategic partnerships to offer new
solutions to clients:
- Partnered with Tableau Software, a global leader in rapid-fire,
easy-to-use business analytics software, to integrate their offerings into the Big
Data solutions offered to clients
- Entered into an engineering partnership with DreamWorks Animation, through
which Infosys will deploy its global talent pool, available across Cloud, Big
Data, Java and open source capabilities, to develop next-generation solutions
based on DreamWorks technology
- We have partnered with Stanford Global School of Business to create a
comprehensive executive education program with a suite of business management skills
and courses in corporate innovation processes. This initiative will include 200
executives, each of whom will participate in a part-time, year-long program over three
years.
- We have established an Artificial Intelligence (AI) Center of Excellence to
enable our developers to infuse AI and machine learning into the development and
authoring experience to increase productivity multifold. Till date, 1,000 developers
have been trained on machine learning and we plan to train over 500 more every
quarter.
Innovation Fund
The company has expanded its innovation fund from the current $ 100 million to $ 500 million to support the creation of a global eco-system of strategic partners. The capital will be used to invest into young companies world-wide innovating in areas such as AI, Automation, Internet of Things, Collaboration and Design.
Awards and Recognition
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