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FY09 EPS seen at Rs 101.06: Infosys
Infosys Technologies has announced its second quarter numbers. It has posted 10% jump in net profit of Rs 1,432 crore for the second quarter of FY09 as against Rs 1,302 crore in previous quarter.
Infosys Technologies has announced its second quarter numbers. It has posted 10% jump in net profit of Rs 1,432 crore for the second quarter of FY09 as against Rs 1,302 crore in previous quarter.
Its revenues went up by 11.6% to Rs 5,418 crore from Rs 4,854 crore, (QoQ).
Key Takeaways from Infosys Technologies' concall:
Q2 revenues in Indian Rupee grew by 32% year on year; sequential growth 12%.
Q2 revenues in US Dollar grew by 5.3% sequentially; 7.1% in constant currency.
Income was Rs 5,418 crore for the quarter ended September 30, 2008; YoY growth was 32%.
Net profit after tax was Rs 1,432 crore for the quarter ended September 30, 2008; YoY growth was 30.2%.
Earnings per share increased to Rs 25.02 from Rs 19.26 on YoY basis; YoY growth was 30%.
Interim dividend of Rs 10 per share ( 200% on par value of Rs 5 per share) compared to Rs 6 ( 120% on par value of Rs. 5 per share) for the corresponding period in the previous year.
40 new clients were added during the quarter by Infosys and its subsidiaries.
Gross addition of 10,117 employees (net 5,927) for the quarter by Infosys and its subsidiaries.
1,00,306 employees as on September 30, 2008 for Infosys and its subsidiaries.
The earlier yearly guidance of 19-21% in dollar terms has been revised to 13-15%.
FY09 EPS seen at Rs 101.06 per share.
FY09 consolidated revenue seen at Rs 4.72-4.81 billion, lowers by 5%.
Outlook under Indian GAAP - consolidated
Quarter ending December 31, 2008 income is expected to be in the range of Rs 5,519 crore and Rs 5,730 crore; YoY growth of 29.2% - 34.2%. Including tax reversal of Rs 50 crore for the quarter ended December 31, 2007. Excluding the tax reversal the YOY growth is expected to be 28.9%. Conversion 1 USD = Rs 46.97.
For December quarter earnings per share is expected to be Rs 26.63; YoY growth of 23.6%. Including tax reversal of Rs. 31 crore in fiscal 2009 and Rs 121 crore in fiscal 2008 respectively. Excluding the tax reversal the earnings per share is expected to be Rs 100.51 for the year ending March 31, 2009; YoY growth of 26.6%.
