BANGALORE, India, April 15, 2014 /PRNewswire/ --
FY 14 revenue growth doubled to 11.5% in USD terms;
Q4 operating margins expand 50 bps sequentially to 25.5%;
Dividend pay-out ratio increased to 40% of post-tax profits;
FY 15 revenues expected to grow 7%-9% in USD terms
Financial Highlights
Consolidated results under International Financial Reporting Standards (IFRS) for the year and quarter ended March 31, 15 Abr. (Logo: http://photos.prnewswire.com/prnh/201301... ) -
Year ended March 31, 2014
Revenues were $ 8,249 million for the year ended March 31, 2014 YoY growth was 11.5%
Net profit was $ 1,751 million for the year ended March 31, 2014 YoY growth was 1.5%
Earnings per share $ 3.06 for the year ended March 31, 2014 YoY growth was 1.3%
Quarter ended March 31, 2014
Revenues were $2,092 million for the quarter ended March 31, 2014 QoQ decline was 0.4% YoY growth was 7.9%
Net profit was $487 million for the quarter ended March 31, 2014 QoQ growth was 5.2% YoY growth was 9.7%
Earnings per share was $0.85 for the quarter ended March 31, 2014 QoQ growth was 4.9% YoY growth was 9.0%
Liquid assets including cash and cash equivalents, available-for-sale financial assets, certificates of deposits and government bonds were $5.0 billion as on March 31, 2014 versus $4.4 billion as on December 31, 2013 and March 31, 2013
The Board of Directors recommended a final dividend of `43 per share for fiscal 2014 (equivalent to final dividend of approx $0.72 per ADS at the exchange rate of `60.00). The Register and Share Transfer Books of the Company will be closed from May 31, 2014 to June 14, 2014 (both days inclusive)
The Company's current policy is to pay dividends up to 30% of post-tax profits. The Board has decided to increase the dividend pay-out ratio to up to 40% of post-tax profits effective fiscal 2014
Other highlights:
Infosys and its subsidiaries added 50 clients during the quarter and 238 during the year
Gross addition of 10,997 employees during the quarter and 39,985 during the year by Infosys and its subsidiaries
160,405 employees as on March 31, 2014 for Infosys and its subsidiaries
"I am pleased that we have been able to double our growth rate for the full year compared to last year, though performance in the last quarter of FY 14 has been disappointing." said S. D. Shibulal, CEO and Managing Director. "We have guided for a revenue growth of 7%-9% next year and remain firmly focused on building the growth momentum by making all the necessary investments in our business."
"Our cash and cash equivalents crossed $5 billion during the quarter. We have increased the dividend payout ratio to up to 40% of post-tax profits effective FY 14 to enhance returns for our shareholders." said Rajiv Bansal, Chief Financial Officer.
Outlook
The company's outlook (consolidated) for the fiscal year ending March 31, 2015, under IFRS is as follows:
Revenues are expected to grow 7%-9%
Business Highlights
- Large outsourcing agreements signed with enterprises across Energy,
Communications, Financial Services, Government and Healthcare sectors. Selected by
Volvo Cars as a strategic supplier to provide application development services for its
global operations. Won an outsourcing deal from a large European bank to manage its
overall Applications Portfolio.
- Extended our contract with District of Columbia to implement the next phase of
its health insurance marketplace (DC Health Link). This includes modernizing its
legacy eligibility system and additional health and social programs.
- Engaged by a top healthcare solution provider to enhance its flagship revenue
cycle management product and help its customers comply with regulatory requirements.
- Chosen by a French global manufacturing conglomerate to build an Agricultural
Research Tool for its coffee platform and help the company monitor and report data
around production and usage metrics.
- Signed a 3-year contract to extend digital marketing support worldwide under a
managed services model for a global grocery manufacturing and processing conglomerate.
- Sustained business momentum across advanced technology solutions with 20 new
deals signed for Cloud and Big Data offerings; 15 new deals signed for mobility
offerings and 12 new deals signed for Engineering Services.
- Continued expansion of Infosys Finacle(TM) globally with 7 new wins and 11
go-lives at banks across Europe, South America, Africa, Middle East and Asia Pacific.
- Set up a 100 seat delivery center in Araraquara, Brazil to provide SAP
Application Management services to Citrosuco, the world's leading orange juice
producer.
- Commenced work on 4 new campuses in the Indian cities of Indore, Mohali, Noida
and Nagpur.
- Applied for 18 unique patent applications in India and the USA during the
fourth quarter, adding to a total of 541 patent applications undergoing various stages
of patent prosecution in India, the U.S. and other jurisdictions. Granted 153 patents
by the United States Patent and Trademark Office, 3 patents by the Luxembourg Patent
Office and 1 patent by the Australian Patent Office.
Awards and Recognition
- Ranked as a
- Leader
[http://www.infosys.com/newsroom/press-releases/Pages/applica... ]
in The Forrester Wave(TM): Oracle Application Services Providers,
Q1 2014 report
- Leader
[http://www.infosys.com/IT-services/application-services/Page... ]
in The Forrester Wave(TM): North American Applications
Outsourcing, Q1 2014 report
- Leader
[http://www.infosys.com/IT-services/application-services/Page... ]
in The Forrester Wave(TM): EMEA Applications
Outsourcing Services, Q1 2014 report
- Inducted into the 'Winner's Circle'
[http://www.infosys.com/newsroom/press-releases/Pages/mobilit... ]
of the 2014 Enterprise Mobility Services Blueprint Report by leading
analyst firm HfS Research
- Infosys ReachOut and Infosys Cloud Ecosystem Hub solutions selected by
Northern Virginia Technology Council (NVTC) for their Destination Innovation event at
The Washington Post headquarters
- Infosys Finacle honored with the XCelent Customer Base Award for Finacle's
sales performance in Asia-Pacific and Western Europe
- Infosys Finacle rated as a 'Best-in-Class'
[http://www.infosys.com/newsroom/press-releases/Pages/product... ]
provider by CEB TowerGroup in its report titled 'Core Banking Systems
for the Large Bank Market'
Board Changes
The Board appointed Ms Carol M Browner as an Additional Director of the Company. Her appointment shall be effective on the date Ms. Browner receives her Director Identification Number from the Ministry of Corporate Affairs
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