Infosys Ltd. Reports Audited and Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2013
January 11, 2013 at 12:04 am EST
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Infosys Ltd. reported audited and unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2012. On audited basis, the company reported revenue of INR 104,240 million, operating profit of INR 26,770 million, profit before income taxes of INR 31,800 million, net profit of INR 23,690 million or INR 41.47 per diluted share against revenue of INR 92,980 million, operating profit of INR 28,990 million, profit before income taxes of INR 33,210 million, net profit of INR 23,720 million or INR 41.51 per diluted share a year ago.
For the nine months, the company reported revenue of INR 298,980 million, operating profit of INR 79,670 million, profit before income taxes of INR 96,520 million, net profit of INR 70,270 million or INR 122.99 per diluted share against revenue of INR 248,820 million, operating profit of INR 71,320 million, profit before income taxes of INR 83,840 million, net profit of INR 60,000 million or INR 105.01 per diluted share a year ago.
On unaudited basis, the company reported revenue of $1,911 million, net profit of $434 million or $0.76 per diluted share against revenue of $1,806 million, net profit of $458 million or $0.80 per diluted share a year ago. Operating profit was $490 million against $560 million a year ago. Profit before income tax was $583 million against $642 million a year ago.
For the nine months, the company reported revenue of $5,460 million, net profit of $1,281 million or $2.24 per diluted share against revenue of $5,223 million, net profit of $1,253 million or $2.19 per diluted share a year ago. Operating profit was $1,452 million against $1,485 million a year ago. Profit before income tax was $1,760 million against $1,751 million a year ago.
The company provided consolidated earnings guidance for the year ending March 31, 2013 under IFRS is as follows: revenues are expected to be at least $7,450 million; earnings per share American depositary share is expected to be at least $2.97. Effective tax rates continue to be in a range of 27% to 28%.
Infosys Limited is an information services company, their end-to-end business solutions include:
- consulting and systems integration comprising consulting, enterprise solutions, systems integration and advanced technologies;
- business IT services comprising application development and maintenance, independent validation services, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management;
- products, business platforms and solutions to accelerate intellectual property led innovation, including Finacle TM, our banking product, which offers solutions to address core banking, mobile banking and e-banking needs of retail, corporate and universal banks worldwide;
- newer areas such as cloud computing, enterprise mobility and sustainability.
Net sales break down by market between finance (29.8%), retail and logistics (14.5), telecommunications services (12.3%), manufacturing industry (12.9%), energy and utilities (12.6%), technology (8.1%), life sciences, health care and insurance (6.9%) and other (2.9%).
Net sales are distributed geographically as follows: India (2.6%), North America (61.8%), Europe (25.6%) and other (10%).
Infosys Ltd. Reports Audited and Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2013