India's second largest IT services exporter - Infosys Technologies has announced its results for the quarter ended September 2010. It has reported net profit at Rs 1737 crore as against Rs 1488 crore, a growth of 16.73% on quarter-on-quarter basis (QoQ), as per International Financial Reporting Standards (IFRS).
On consolidated basis, company posted net sales at Rs 6947 crore as against Rs 6198 crore, a growth of 12.08% (QoQ).
Operating margins improved smartly to 30.2% versus 28.31% on quarter over quarter.
Earning per share (EPS) also jumped to Rs 30.41 from Rs 26.05 in previous quarter of same financial year 2010-11.
Standalone net sales rose 11.58% to Rs 6425 crore from Rs 5758 crore, (QoQ).
In dollar terms, consolidated revenue went up 10.1% to USD 1.49 billion versus USD 1.36 billion (QoQ).
Attrition rate for the second quarter stood at 17.1% as against 15.8% (QoQ).
Earning before interest, tax, depreciation and amortisation (EBITDA) improved to 33.6% versus 31.6%.
Revenues from BFSI segment went up 8%, retail up 20.5% and telecom segment up 3.9% (QoQ).
Infosys IFRS FY11 guidance
In rupee terms, Infosys expects full year EPS at around Rs 115.07-117.07 and revenues at Rs 26,951 crore as against Rs 27,165 crore.
In dollar terms, it expects revenues to grow by 24-25% at USD 5.95-6 billion versus USD 5.7.5.8 billion expected in previous quarter.
For the third quarter of FY11, Infosys expects EPS growth of 1.5-3.1% and revenues growth of 3.5-4.5% on QoQ basis.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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