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Infotech Enterprises reports Q4 and Annual Results FY 2009-10

Infotech Enterprises (INFOTECENT in BSE - Bombay Stock Exchange and NSE - National Stock Exchange) is a Global IT services and solutions provider specializing in Engineering Services, Geographic Information Services (GIS) and IT services. It provides services to a wide range of industries -Aerospace, Rail, Automotive, Marine, Energy, Plant Engineering, Utilities, Telecom (operators), Government, Retail, Consumer Electronics, Medical Electronics, Semiconductor, Telecom (Manufacturers) and Computing. Infotech combines extensive engineering design and solutions capability with global delivery to create measurable business impact for its customers around the world. Many of these are among the top fortune 500 companies. Infotech is certified to ISO 9001:2000, AS 9100, ISO 27001 and AS9100 and has been successfully reappraised for CMMi Level 5 Version 1.2 for the software units of its Engineering, UTG and IT verticals.

Financial Highlights

• FY10 Total Income (including other income) reaches Rs. 9,994.9 million.
• FY10 Revenues at Rs. 9,531 million, growth of 7.1% over FY09.
• FY10 Revenues cross $ 200 million.
• Operating margins for FY 10 at 21.9% , an improvement of 180 basis points over last year.
• FY10 PBT crosses Rs. 2,000 million. PAT at Rs. 1,708 million, growth of 84.7% over FY 09.
• FY10 EPS at Rs. 30.9 from Rs. 17.4 in FY 09.
• Revenue for Quarter-4 Rs. 2,441 million, Y-o-Y growth of 3.9% , Q-o-Q growth of 2.1%.
• Revenue for Quarter-4 $ 53 million, Y-o-Y growth of 12.6% , Q-o-Q growth of 3.7% .
• Operating margins for Quarter-4 at 21.6% .
• PAT for Quarter-4 at Rs. 513 million, Y-o-Y growth of 185% , Q-o-Q growth of 35% .
• The Board of Directors recommended 40% dividend, i.e Rs. 2 per equity share of Rs. 5 each, subject to the approval of shareholders.

http://www.infotech-enterprises.com/pdf/Press-Release-Q4-FY10.pdf

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Posted by Guru's Pick on Friday, May 14, 2010 10:24 AM
     
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