Net profit was at Rs 1,906 crore in second quarter of FY12 as against Rs 1,720 crore in previous quarter. It came above the street estimates; CNBC-TV18 expected profit at Rs 1,891 crore.
Moshe Katri, MD of Cowen and company said Infosys second quarter numbers were largely in-line with expectations. "For the first time in many quarters, we will not see sharp drop in Infosys stock."
Revenues increased 8.2% to Rs 8,099 crore as against Rs 7,485 crore during the same period. CNBC-TV18 expected it at Rs 8,080 crore.
Earnings per share for the July-September quarter of 2011 was at Rs 33.3 as against Rs 30.14 in the previous quarter. Expectation was at Rs 32.19.
Operating profit margins jumped to 28.16% versus 26.08% quarter-on-quarter. Net profit margins too moved up to 23.53% from 23% during the same period.
Dollar revenues growth for FY12 lowered to 17.1-19.1% as against earlier guidance of 18-20%.
Company has upped its full year guidance for earnings per share to Rs 143.02-145.26 as against earlier of Rs 128.20-130.08.
Infosys sees revenue for FY12 in the range of Rs 33,501-34,088 crore.
Q3 Guidance:
Company expects revenue at Rs 8,826-9,012 crore and earnings per share at Rs 38.51-39.20.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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