Infosys , the second largest software services exporter, reported a better than street expected numbers in the third quarter of FY12 but the company disappointed with its dollar revenue guidance for FY12.
The company posted a net profit of Rs 2,372 crore in the third quarter, a growth of 24.5% as compared to Rs 1906 crore in the previous quarter.
Its revenues moved up 14.8% to Rs 9,298 crore from Rs 8,099 crore, quarter-on-quarter. CNBC-TV18 had expected a net profit of Rs 2,322 crore and revenues of Rs 9,223 crore .
Nilesh Shah of Envision Capital says Infosys numbers, on an aggregate basis, look okay. "The fact that full year revenue guidance has been pulled down is a bit disappointing. But I don't think it is going to have a significant impact," he says.
Earnings before interest and tax (EBIT) jumped over 27% to Rs 2,899 from Rs 2,281 crore.
EBIT margins improved at 31.17% as against 28.16% quarter-on-quarter.
Earnings per share (EPS) during the quarter increased to Rs 41.51 - a better than expected guidance of Rs 38.51-39.20.
Infosys Q4 guidance
The company sees revenues of Rs 9,391-9,412 crore and EPS of Rs 42.12 in the fourth quarter.
FY12 guidance
Infosys has reduced its financial year 2011-12 dollar revenue guidance to 16.4% as against earlier guidance of 17.1-19.1%.
The company increased EPS guidance for FY12 to Rs 147.13 versus Rs 143.02-145.26 earlier, but that was too below analysts' expectations. Analysts had expected it at around Rs 150.
Source: www.moneycontrol.com
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Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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