Bangalore based Infosys, India’s second largest software services exporter on Friday, 9th January 2015 has posted 5 percent jump in Net profit to Rs. 3250 crore for the quarter ended 31st December 2014 compare to last quarter’s Rs. 3096 crore.
IT major has reported 5.0% growth QoQ and 13% growth YoY in net profit.
Total revenue has gone up by 3.4 percent over the july-september period to Rs. 13796 crore rupees in 2015 Q3 compare to last quarter’s Rs. 13342 crore. Infosys also managed to improve its margins at 26.7% that grew 60 basis points.
image source: infosys
In October-December quarter of the last fiscal year 2013-2014, Infosys reported total revenue of Rs. 13029 crore and net profit of Rs. 2875 crore.
The company has not declared any interim dividend for this quarter. For last quarter Infosys has declared interim dividend of Rs. 30 per equity share and paid on October 20, 2014.
Attrition ratio has inched marginally higher to 20.4% as against the last quarter’s figure of 20.1%. Company has maintained its full year guidance at 7-9%.
During the first week of new year, Infosys has rewarded 3000 top performers with an iphone 6.
This quarter, Infosys and it’s subsidiaries have added 59 new clients. With this now Infosys has a total active client base of 932.
“We are excited by several breakthrough results in Q3.Our“renew and new” strategy,is being received well by our clients and our ecosystem and we are already seeing its early adoption”,said Dr. Vishal Sikka, CEO and Managing Director of Infosys.“Based on our strong performance, we are intensifying our efforts to deepen employee engagement, client ecosystem and strengthen our foundation of education as we build a next-generation services company that innovates for consistent profitable growth.”
“During the quarter, we saw broad-based volume growth,increased utilization and strong client additions”,said U. B. Pravin Rao, Chief Operating Officer of Infosys.“We have made 100% variable payout for Q3 and have seen a further decline in attrition as a result of multiple initiatives taken over the last few quarters.”
“Our sequential revenue growth in Q3 was adversely impacted to the extent of 1.8% due to USD appreciation against other major currencies”, said Rajiv Bansal, Chief Financial Officer of Infosys.“We made required investments keeping in mind short-term priorities and long-term aspirations”
Company also announced that Mr. Parvatheesam Kanchinadham, Chief Risk & Compliance Officer and Company Secretary, who was with the company for last 12 years, will be leaving the company effective January 10, 2015. Mr. David Kennedy, General Counsel, will assume the role of Chief Compliance Officer. Mr Manikantha A.G.S., will be the interim Company Secretary.
Highlights of Q3 2015 results in comparison to Q2 2015 results
||For the quarter ended 31st December 2014 (in rupees crore)
||For the quarter ended 30th September 2014 (in rupees crore)
|Profit before income tax
|Client additions during the quarter ended 31st December 2014
|Gross addition of employees during the quarter ended 31st December 2014
Segment wise revenue of Infosys for Q3 2015 compare to Q2 2015
|Revenue by business segment
||Quarter ended 31st December 2014 (in rupees crore)
|Quarter ended 30th September 2014 (in rupees crore)
|Financial Services and Insurance (FSI)
|Energy & utilities, Communication and Services (ECS)
|Retail, Consumer packaged goods and Logistics (RCL)
|Life Sciences and Healthcare (LSH)
|Growth Markets (GMU)
|Net revenue from operations