| | | | | | | | | TNS EARNINGS/Key Points: Infosys Q2 profit Rs 17.37 bln, up 13.16% on yr MUMBAI, OCT 15 (TickerNews Service): Infosys Technologies Ltd Friday said its Jul-Sep net profit was Rs 17.37 billion, up 13.16% from a year ago aided by better pricing and higher volumes. A TickerNews Service poll of 18 brokerages forecast the software bellwether to post net profit of Rs 17.11 billion on revenue of Rs 67.56 billion. JUL-SEP * Net profit Rs 17.37 bln vs Rs 15.35 bln yr ago * Revenue Rs 69.47 bln vs Rs 55.85 yr ago * Earlier guided Q2 income Rs 65.63-66.26 bln * TickerNews Brokers Forecast: Q2 net profit Rs 17.11 bln * TickerNews Brokers Forecast: Q2 revenue Rs 67.56 bln * Basic Rs 30.41, diluted Rs 30.40 * Earlier guided Q2 EPS Rs 27.42-27.95 * Other income Rs 2.67 bln vs Rs 2.39 bln yr ago
FORECASTS * Sees Oct-Dec EPS Rs 29.37-29.89 * Sees Oct-Dec income Rs 68.84-69.53 bln * Sees Oct-Dec earnings per ADS $0.66-0.67 * Sees Oct-Dec income $1.547-1.562 bln * Sees FY11 EPS Rs 115.07-117.07 * Sees FY11 income Rs 269.51-271.65 bln * Sees FY11 earnings per ADS $2.54-2.58 * Sees FY11 revenue $5.95-6.00 bln * Sees Oct-Dec margins decline 100 bps * Sees FY11 margins decline 100-130 bps on year * To hire 11,000 people in Oct-Dec * Revises FY11 hiring target to 40,000 vs 36,000 earlier MARGINS * Jul-Sep operating margin 30.2% * Jul-Sep net margin 25% * Q2 margins up 190 bps on quarter
PRICES, VOLUMES * Onsite prices up 2.4% sequentially in constant currency * Onsite prices dn 0.4% on qtr in constant currency * Blended prices up 2.5% on qtr in constant currency * Q2 onsite volumes up 11.4% on quarter * Q2 offshore volumes up 5.5% on quarter * Q2 blended volumes up 7.2% on qtr
FX HEDGES * FX hedges $556 mln as on Sep 30 * Jul-Sep forex gains Rs 60 mln * Jul-Sep hedging gains Rs 530 mln * Jul-Sep forex translation losses Rs 470 mln
CLIENTS * Active clients 592 as on Sep 30 * Added 27 new clients in Jul-Sep
DIVIDEND * To pay Rs 10 interim dividend, Rs 30 special dividend
OPERATIONAL MATRIX * Has 122,468 employees as on Sep 30 * Net added 7,646 staff in Jul-Sep * Selling, marketing expenses Rs 3.8 bln * Administrative expense Rs 4.98 bln * Tax expense Rs 6.29 bln * North America contributed 65.8% to Q2 revenue * Europe contributed 21.8% to Q2 revenue * India contributed 2.1% to Q2 revenue * Banking, financial services, insurance contributed 35.4% to revenue
MANAGEMENT COMMENTS * Currency volatility also concern for industry * Global economic uncertainty concern for industry * Cash equivalents $3.9 bln * Leveraged client relationship to grow business faster * Economic environment continues to be challenging. (End) Compiled by Ravindra Sonavane Filed by Jones Koshy |
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