-
Infosys results Q4 2016: On Friday, CEO Vishal Sikka announced 3.81 per cent quarter-on-quarter (qoq) rise in Infy's consolidated net profit at Rs 3,597 crore for the quarter ended March 2016. Infosys had registered net profit of Rs 3465 crore in the sequential quarter ended December 2015 and Rs 3,097 crore in the same quarter last year. Beats market expectations. Vishal SIkka in interaction with media said he is 'bullish on the year ahead' but added that a lot needs to be done yet to create value. Infosys revenue rose as much as 4.07 per cent qoq and 23.40 per cent year-on-year (yoy) to as high as Rs 16,550 crore. Infosys consolidated operating profit soared 6.59 per cent qoq and 22.35 per cent yoy to Rs 4,220 crore. The earnings per share(EPS) in the reported quarter is Rs 15.74 against Rs 13.55 in the same quarter last year. Infosys declared a final dividend of Rs 14.25 per share. “I am proud of our company’s achievements in my first fiscal year as CEO of Infosys. At the same time, I am humbled by the task that is still in front of us. We started the year just two quarters into a strategy to completely reimagine the notion of services and to transform Infosys. Over the course of this year, we saw this strategy, of bringing automation and innovation to our clients, on a foundation of learning and education, start to show results in the organic growth of our client relationships, in our win rates in large deals, and in the types of projects we are seeing in strategic areas where we never participated before. I am proud of what our teams have achieved this quarter and in the year," said Vishal Sikka. <br>What Vishal Sikka led Infosys is concerned about – from headwinds to volatility in financial services sector: a) Exec says continuing to invest in employees, announces stock option plan for employees; b) Exec says remain concerned about the industry headwinds and volatility in the financial services sector; c) Exec says believe automation and new services will help us improve profitability in coming years; d) Exec says providing for 6 to 12 percent compensation increase for employees offshore this year, up to 1.5 to 2 percent increase onshore; e) Exec says client IT spend budgets overall remain more or less flat; f) Exec says despite headwinds in the financial services sector, there are opportunities.</br> <br><a href="https://www.financialexpress.com/article/industry/companies/live-infosys-q4-results-earnings-vishal-sikka-april-15-2016/237195/"><strong>LIVE: Infosys Q4 results: Net profit up 3.81% qoq to Rs 3,597 cr; FY17 revenue guidance at 11.3%-13.5%</strong></a></br>
Infosys results Q4 2016: WHAT VISHAL SIKKA DID AT INFOSYS – Under Vishal Sikka, Infosys has made bets on automation and other high-margin digital services. In February, the company's board extended his term by another two years to 2021, crediting him with putting the firm back on the growth path. Infosys added 89 clients in the last quarter, including 5 large clients who pay more than $50 million annually, Infosys said. Sikka has set a goal to raise Infosys' revenue to $20 billion by 2020, which he reiterated on Friday. It posted sales of $9.5 billion for 2015/16. "If we execute on that set of opportunities we would have not only achieved our 2020 goals we would have ended up creating a completely new kind of IT services company," he said in a post-earnings conference call. "Steve Jobs always said you always connect the dots looking back … every day that goes by I feel very comfortable that we will get there," Sikka said, referring to the late founder of Apple Inc, a client of Infosys. <br>Infosys today also announced announced revenue guidance up 11.5 per cent to 13.5 per cent in constant currency term in FY17. In dollar terms the revenue guidance has been placed at 11.8 per cent to 13.8 per cent in dollar terms. Vishal Sikka added, "And yet despite these heartening results, they are still based on metrics of the past, of the way the industry has been. The world of our future looks entirely different – it is a world that is being fundamentally reshaped by digital technologies, and it is our endeavor to create great value for every business through solutions built on our AI technology and open, cloud platforms, to have Infoscions amplified by intelligent technology, to bring purposeful innovation to life, and in that sense, we are still very much at the beginning of this journey.” OUTLOOK*: The Company’s outlook (consolidated) for the fiscal year ending March 31, 2017, under IFRS is as follows: 1. Revenues are expected to grow 11.5%-13.5% in constant currency*; 2. Revenues are expected to grow 12.7%-14.7% in INR terms based on the exchange rates as of March 31, 2016**. NOTE *AUD/USD – 0.73; Euro/USD – 1.10; GBP/USD – 1.51; **Conversion: 1 US$ = Rs 66.26. “Our growth trajectory improved in FY 16 and we navigated the external business environment well. We will continue to focus on leveraging operational efficiency levers for consistent profitable growth.” said M.D. Ranganath, CFO. He added, “During the quarter, cash generation was strong. We managed a volatile currency environment effectively.”</br> -
Infosys results Q4 2016: Infosys consolidated net attrition fell to 17.3 per cent as against 18.1 per cent in the sequential quarter ended Dec, 2015. The number of employees who left the company in Q4FY16 stood at 8,373 compared to 8,620 in the last quarter. In all net addition of employees in the reported quarter was a mere 661 in comparison with 5,407 and 6,549 employees in Q3FY16 and Q4FY15, respectively. The total employees of the company’s stood at 1,94,044 in the current quarter as against 1,93,383 in the last quarter. According to U B Pravin Rao, COO, “Employee attrition reduced further in Q4, and is reflective of increased engagement with our people all through the year, and our steps to make Infosys an exciting place for the world’s best talent. We continue to reimagine our internal processes to increase organizational agility. The momentum of large deal wins continued this quarter and bookings were strong.” HIGHLIGHTS: 1. Q4 Revenue growth at 4.1% qoq in INR terms; 1.9% in constant currency terms; 2. Q4 operating margin at 25.5%; increase of 0.6% from Q3 operating margin of 24.9%; 3. FY 16 Revenue growth at 17.1% in INR terms; 13.3% in constant currency terms; 4. FY 17 revenue guidance at 11.5%-13.5% in constant currency and 12.7%-14.7% in INR terms at March 31, 2016 exchange rates; 5. Board recommended a final dividend of Rs 14.25 per share; 6. North America business grew by 0.5% sequentially; and 0.6% in constant currency; 7. India business grew by 9.1% sequentially; and 11.1% in constant currency; 8. Rest of the world business grew by 4.0% sequentially; and 3.2% in constant currency; 9. Europe business grew by 2.4% sequentially; and 3.6% in constant currency; 10. Gross addition of 52,545 employees in FY16; net addition of 17,857 employees; 194,044 employees as on Mar 31, 2016. <br>INFOSYS: BEYOND BUSINESS – In fiscal 2016 over Rs 216 crore contributed by Infosys has been utilized across projects related to healthcare, education, culture, destitute care and rural development. In addition, the company has spent Rs 86 crore on multiple initiatives including Chennai flood disaster relief, environment sustainability and conservation of natural resources aimed at long term sustainability of eco system. As part of its mission to better prepare all students for an increasingly digital future, Infosys Foundation USA continued to engage with local communities and invest in computer science related programs. The Foundation announced a grant of $1M in partnership with NSF to support Computer Science (CS) professional development for teachers. This collaboration will provide opportunities for as many as 2,000 school teachers to deepen their understanding of CS. </br>
-
Infosys results Q4 2016: (IN US DOLLAR TERMS, INFOSYS POSTS BETTER THAN EXPECTED 16% JUMP IN 4TH QTR PROFIT: India's second-largest IT services firm Infosys forecast strong revenue growth and reported its third successive estimate-beating earnings on new client wins, solidifying a recovery that began a year ago. The Bengaluru-headquartered company said it expects revenue to grow between 11.5 percent and 13.5 percent in constant currency terms in the current year – indicating a faster growth rate than the industry average as the company shifts to high-margin digital services business. In rupee terms, the company expects revenue to grow between 12.7 percent and 14.7 percent, Infosys said. Industry body Nasscom in February had forecast a 10-12 percent growth for IT and software services exports in the current financial year. Infosys, which trails Tata Consultancy Services in terms of revenue, reported a 16 percent rise in fourth-quarter net profit. Consolidated net profit rose to 35.97 billion rupees ($540.07 million) in its fiscal fourth quarter to March 31, from 30.97 billion rupees a year earlier. Analysts on average had expected a net profit of 35.56 billion rupees, according to data. The Bengaluru-headquartered company, which counts Apple Inc , Volkswagen AG and Wal-mart Stores Inc among its clients, said revenue rose 23.4 percent to 165.5 billion rupees. ($1 = 66.6027 Indian rupees) (Reuters)
-
Top 5 key takeaways from Q3 results – Infosys reported its Q3 results in January 14, 2016. Investors cheered the results as its shares trended up 5.14 per cent at Rs 1137.95 then. 1. NET PROFIT: Infosys reported 6.6 per cent year-on-year and 1.97 per cent quarter-on-quarter growth in its consolidated net profit figures to Rs 3,465 crore for the quarter ended December 30, 2015; 2. REVENUE: Consolidated revenue of the company jumped 15.26 per cent yoy and 1.70 per cent qoq to Rs 15,902 crore; 3. OPERATING PROFIT: It fell marginally to Rs 3,959 crore for the quarter ended December 2015 from Rs 3,993 crore in the sequential quarter ended September 2015; 4. OUTLOOK: For the financial year ended March 2016, the company increased revenue growth guidance to 12.8 per cent-13.2 per cent in constant currency and 16.2 per cent-16.6 per cent in rupee terms as on December 31, 2015 exchange rates; 5. ATTRITION: It declined to 13.4 per cent on standalone basis and 18.1 per cent on consolidated basis. ABOUT INFOSYS LTD: Infosys is a global leader in consulting, technology, outsourcing and next-generation services. We enable clients, in more than 50 countries, to stay a step ahead of emerging business trends and outperform the competition. We help them transform and thrive in a changing world by co-creating breakthrough solutions that combine strategic insights and execution excellence.(Reuters)
Govt extended ITR AY 2025-26 deadline, but only 4.56 crore returns filed so far
