Moneycontrol
HomeNewsBusinessEarningsEPS guidance muted as Infy plans to hire 45000 in FY12
Trending Topics

EPS guidance muted as Infy plans to hire 45000 in FY12

Kris Gopalakrishnan, MD & CEO told CNBC-TV18 that EPS guidance in rupee term is muted as it has taken into account the impact of huge hiring that is slated for FY12.

April 18, 2011 / 10:22 IST
Story continues below Advertisement

Your browser doesn't support HTML5 video.

Kris Gopalakrishnan, MD & CEO termed Infosys' below-expectations numbers as "expected" and that the company saw a "typical  fourth quarter."  Defending the company's muted rupee earnings per share guidance, Kris told CNBC-TV18 it has taken into account the impact of huge hiring that is slated for FY12. "We are continuing to recruit. Next year we are planning to recruit 45,000 people." 

Speaking about the EPS guidance, V Balakrishnan, CFO of the company said clients have fine-tuned their spending much faster than they did earlier and rupee has appreciated. Things like Japan too suddenly happened. Add to this the impact of hiring, and there will be an impact.  

Below is a verbatim transcript of their exclusive interview with CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee. For the complete interview watch the accompanying videos.

Q: There is a bit of confusion about Mohandas Pai

first published: Apr 15, 2011 02:56 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!