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Infosys (NYSE: INFY) Announces Results For The Quarter And Year Ended March 31, 2013

BANGALORE, India, April 12, 2013 /PRNewswire/ --

Q4 revenues grew by 1.4% sequentially; FY13 revenues grew by 5.8%

Financial Highlights

Consolidated results under International Financial Reporting Standards (IFRS) for the quarter ended March 31, 2013

  • Revenues were $1,938 million for the quarter ended March 31, 2013; QoQ growth was 1.4% YoY growth was 9.4%
  • Net profit was $444 million for the quarter ended March 31, 2013; QoQ growth was 2.3% YoY decline was 4.1%
  • Earnings per American Depositary Share (EPADS) was $0.78 for the quarter ended March 31, 2013; QoQ growth was 2.6% YoY decline was 3.7%
  • The Board of Directors recommended a final dividend of `27 per ADS for fiscal 2013 (equivalent to final dividend of approximately $0.50 per ADS at the prevailing exchange of `54.29 per US$). The Register and Share Transfer Books of the Company will be closed from June 1, 2013 to June 15 2013 (both days inclusive)
  • Liquid assets including cash and cash equivalents, current available-for-sale financial assets, investment in certificates of deposits and government bonds were $4.4 billion versus $4.1 billion as on December 31, 2012

Other highlights:

  • Infosys and its subsidiaries added 56 clients during the quarter
  • Gross addition of 8,990 employees (net addition of 1,059) for the quarter by Infosys and its subsidiaries
  • 156,688 employees as on March 31, 2013 for Infosys and its subsidiaries
  • The company listed its American Depository Shares (ADS) on NYSE Euronext's (NYX) London and Paris markets
  • The company has decided to set aside up to US$100 million to invest in products, platforms and solutions ideas in line with Infosys 3.0 strategy

"Global economic uncertainties remain challenging for the IT industry," said S. D. Shibulal, CEO and Managing Director. "We are progressing well on our strategic direction of building a high-quality company which is relevant to our clients. We are making all the investments necessary to differentiate ourselves in the market place while positioning ourselves as a partner of choice for our clients."

Stock quotes in this article: INFY 

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