Infosys Q1 Highlights: Tech major logs Rs 3,612 cr net profit


Infosys, India’s second biggest IT services exporter, announces its June quarter earnings today. The technology firm’s Q1 consolidated net profit rises 3.7% to Rs 3,612 crore, and revenue from operations surges 12% to Rs 19,128 crore. Infosys Board approved issuance of one free share for every share held (1:1 bonus issue).

Salil Parekh, CEO and MD said, “The strong revenue and margin performance in this quarter shows that our dual emphasis on Agile Digital and AI-driven Core services is resonating with our clients”. He added, “With our Agile Digital business growing sequentially at 8% in constant currency and increase in our large deal wins to over US$ 1 billion, we see good traction in the market.” 

Just ahead of the announcement shares of Infosys soared by over 2 per cent to close at Rs 1,309.10, up 1.12 per cent on the BSE. Infosys  market capitalisation moved up by Rs 3,167.08 crore to Rs 2,85,924.08 crore as a result.

Check out Infosys Q1 Highlights: Consolidated results under International Financial Reporting Standards (IFRS) for the quarter ended June 30, 2018 

* Revenues were `19,128 crore for the quarter ended June 30, 2018; YoY growth of 12.0%; QoQ growth of 5.8% 

* Net profit was `3,612 crore for the quarter ended June 30, 2018, including impact of `270 crore on account of reduction in the fair value of Assets held for sale; YoY growth of 3.7%; QoQ decline of 2.1% 

* Basic EPS at `16.62 for the quarter ended June 30, 2018, including impact of `1.24 on account of reduction in the fair value of Assets held for sale; YoY growth of 9.1%; QoQ decline of 2.1% 

* Digital revenues at $803 million (28.4% of total revenues), sequential growth of 8.0% and yearon-year growth of 25.6% in constant currency terms 

* 1:1 bonus issue of equity shares and 1:1 stock dividend of American Depositary Shares 

* Q1 19 revenues grew year-on-year by 12.0% in INR terms; 6.0% in constant currency terms 

* Q1 19 revenues grew sequentially by 5.8% in INR terms; 2.3% in constant currency terms 

* Operating margins at 23.7%, at the upper quartile of the guidance  

* Large deal wins crossed $1 billion, of which over 40% was from Financial Services  

* $100 mn clients increased sequentially by 4 to 24 

* Utilization (excluding trainees) at all-time high of 85.7% • Free Cash Flow up sequentially by 32.1% in USD terms • RoE increases to 25.5% as compared to 24.1% last quarter  

* EPS grew by 9.1% on a year-on-year basis 

* FY 19 revenue guidance in constant currency retained at 6%-8%; FY 19 operating margin guidance retained at 22%-24% 





Source link

Leave a Reply

Your email address will not be published.