Beating market expectations, IT major Infosys on Friday posted 28.6 per cent jump in consolidated net profit to Rs 3,096 crore for the quarter ended September 30.
The Bangalore-based firm had reported a net profit of Rs 2,407 crore (Rs 24.07 billion) in the year-ago period, it said in a BSE filing. Consolidated revenue was up 2.9 per cent to Rs 13,342 crore (Rs 133/42 billion) in the said quarter from Rs 12,965 crore in the year-ago period.
In the April-June quarter this fiscal, Infosys reported a net profit of Rs 2,886 crore (Rs 28.86 billion) and a revenue of Rs 12,770 crore (Rs 127.7 billion). Buoyed by a strong set of numbers, the company has declared an interim dividend of Rs 30 per equity share as compared to Rs 20 in the previous year.
It has also recommended a bonus issue of one equity share for every equity share held, and a bonus issue of a stock dividend of one American Depositary Share (ADS) for every ADS held, respectively. The better-than-expected set of numbers pushed the company's stock up 5.61 per cent to Rs 3,850.05 apiece in early trade on the BSE.
For FY15, the country's second-largest software services firm maintained its revenue guidance of 7-9 per cent growth. In dollar terms, the NYSE-listed firm's net profits grew 33.4 per cent to USD 511 million in second quarter of this fiscal from $383 million in the year-ago period.
Highlights:
- Net profit was $511 million for the quarter ended September 30, 2014
- QoQ growth was 6.0%
- YoY growth was 33.4%
- Infosys pledges Rs 254 crore for FY15 towards CSR through the Infosys Foundation
- Narayana Murthy will cease to be non-executive Chairman, w.e.f today
- Infosys and its subsidiaries added 49 clients (gross) during the quarter
- Gross addition of 14,255 employees during the quarter
- Infosys Q2 Sales Rs 13,342 crore versus Rs 12,770 cr, up 4.4% QoQ
- Infosys Earnings: Q2 Volume growth at 3% QoQ
- FY15 revenue guidance maintained at 7%-9%
- Infosys Earnings: Q2 attrition at 20.1%
- Infosys Earnings: Revenues are expected to grow 6.7-8.7% in INR terms
- KV Kamath elected as chairman of Infosys w.e.f October 11
