Infosys Q3 net up 25% at Rs 2372 cr, $ rev guidance weak

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Infosys Q3 net up 25% at Rs 2372 cr, $ rev guidance weak

Infosys, a second largest software services exporter, has reported a 25% growth in third quarter net profit of Rs 2,372 crore on quarter-on-quarter basis.

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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.