MYSORE, India, January 10, 2014 /PRNewswire/ --
- Q3 revenues grew by 1.7% quarter-on-quarter; 9.9% year-on-year
- Net profit grew by 20.9% quarter-on-quarter; 6.7% year-on-year
Financial Highlights
Consolidated results under International Financial Reporting Standards (IFRS) for the quarter ended December 31, 2013
- Revenues were $2,100 million for the quarter ended December 31, 2013
QoQ growth was 1.7%
YoY growth was 9.9%
- Net profit was $463 million for the quarter ended December 31, 2013
QoQ growth was 20.9%*
YoY growth was 6.7%
- Earnings per American Depositary Share (EPADS) was $0.81 for the quarter ended
December 31, 2013 QoQ growth was 20.9%*
YoY growth was 6.6%
- Liquid assets including cash and cash equivalents, available-for-sale
financial assets, certificates of deposits and government bonds were $4.4 billion as
on December 31, 2013 versus $4.3 billion as on September 30, 2013
* including the provision for visa related matters made in quarter ended September
30, 2013
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Other highlights:
- Infosys and its subsidiaries added 54 clients during the quarter
- Gross addition of 6,682 employees for the quarter by Infosys and its
subsidiaries
- 158,404 employees as on December 31, 2013 for Infosys and its subsidiaries
"The year ahead looks exciting for the IT services industry. We believe the global economic environment has improved and our clients are gaining confidence to invest in their strategic initiatives," said S. D. Shibulal, CEO and Managing Director. "We continue to differentiate ourselves to seize growth opportunities. The recent changes in organizational structure will enable us to strengthen client relationships and increase market share."
"During the quarter, we saw early but promising results of our initiatives to increase efficiency in our operations," said Rajiv Bansal, Chief Financial Officer. "We continue to remain focused on making investments necessary to secure and grow our future."
Outlook
The company's outlook (consolidated) for the fiscal year ending March 31, 2014, under IFRS is as follows:
- Revenues are expected to grow 11.5%-12.0%
Business Highlights
- We have partnered with a leading manufacturer, Diebold, to further its
transformation journey and streamline its service, supply chain management, and
financial operations processes.
- Our focus on Cloud and Big Data as new growth areas continues to yield
results. We have executed more than 200 engagements and have won more than 20 deals
this quarter. We have been formally inducted as a member of the steering committee of
the global Open Data Center Alliance (ODCA) to help define the next generation of
enterprise-ready Cloud and Big Data implementations.
- We are partnering with clients to create innovative solutions around the
mobile device. This quarter we started more than 25 engagements across mobile field
service, device management and enterprise productivity.
- Our Engineering Services business continues to see strong growth. With over
150 active clients, we had 52 wins this quarter across industries.
- Infosys Edge continues its momentum in the market as we invest in technologies
like Social, Mobile, Analytics and Cloud. This quarter we had 14 wins - eight for
platforms and six for products. We also launched TradeEdge, an insights-driven sales
platform that help brands accurately sense and fulfill consumer demand while
significantly improving sales and operational performance.
- Infosys Finacle(TM) sustained its business momentum in the quarter with eight
new wins; 11 banks went live on the platform across India, Africa, Middle East and
South East Asia.
- The District of Columbia's new online health insurance marketplace, DC Health
Link, designed and implemented by Infosys Public Services Inc, successfully went live
on October 1, 2013.
- To keep pace with the business momentum in the region, we expanded our
presence in Australia with a new office in Sydney. Infosys BPO opened a new delivery
center in Eindhoven, the Netherlands to strengthen its global footprint and reinforce
its presence in Europe.
- During the third quarter, Infosys applied for 22 unique patent applications in
India and the U.S. With this, we have 533 patent applications undergoing various
stages of patent prosecution in India, the U.S. and other jurisdictions. We have been
granted 143 patents by the United States Patent and Trademark Office, one patent by
Australian Patent Office and three patents by the Luxembourg patent office.
Awards and Recognition
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