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Infosys Technologies Announced Results for the Quarter and Year Ended June 30, 2010

Infosys (NASDAQ: INFY) defines, designs and delivers IT-enabled business solutions that help Global 2000 companies win in a Flat World. These solutions focus on providing strategic differentiation and operational superiority to clients.  Infosys is part of the NASDAQ-100 Index and The Global Dow.

Highlights - Consolidated results for the quarter ended June 30, 2010

Revenues were $ 1,358 million for the quarter ended June 30, 2010; QoQ growth was 4.8%; YoY growth was 21.0%

  • Net income after tax* was $ 326 million for the quarter ended June 30, 2010; QoQ decline was 6.6%; YoY growth was 4.2%
  • Earnings per American Depositary Share (ADS)** was 0.57 for the quarter ended June 30,2010; QoQ decline was 6.6%; YoY growth of 3.6%
  • 38 clients were added during the quarter by Infosys and its subsidiaries
  • Gross addition of 8,859 employees (net addition of 1,026) for the quarter by Infosys and its subsidiaries
  • 1,14,822 employees as on June 30, 2010 for Infosys and its subsidiaries

* Excluding the income from sale of our investment in OnMobile Systems, Inc. of US $ 11 mn in Q4 FY10, QoQ decline was 3.6%

** Excluding the income from sale of our investment in OnMobile Systems, Inc. of US $ 11 mn in Q4 FY10, QoQ decline was 3.4%

 

Business Outlook

The company’s outlook (consolidated) for the quarter ending September 30, 2010 and for the fiscal year ending March 31, 2011, under International Financial Reporting Standards (IFRS), is as follows:

Outlook under IFRS#

Quarter ending September 30, 2010

  • Consolidated revenues are expected to be in the range of $ 1,413 million to $ 1,427 million;YoY growth of 22.4% to 23.7%
  • Consolidated earnings per American Depositary Share are expected to be in the range of $ 0.59 to $ 0.60; YoY growth of 5.4% to 7.1%

Fiscal year ending March 31, 2011##

  • Consolidated revenues are expected to be in the range of $ 5.72 billion to $ 5.81 billion; YoY growth of 19.0% to 21.0%
  • Consolidated earnings per American Depositary Share are expected to be in the range of$ 2.42 to $ 2.52;YoY growth of 5.2% to 9.6%

# Exchange rates considered for major global currencies: AUD / USD – 0.86; GBP / USD – 1.50; Euro / USD – 1.23

## Excluding the income from sale of our investment in OnMobile Systems, Inc. of US $ 11 mn in fiscal 2010, the EPS growth is expected to be in the range of 6.1% to 10.5%

http://www.infosys.com/investors/reports-filings/quar terly-results/2010-2011/Q1/Documents/IFRS-USD-press-release.pdf

 

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Posted by Guru's Pick on Thursday, September 02, 2010 4:16 PM
     
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