Infosys Ltd. Reports Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended December 31, 2013; Revised Revenue Guidance for the Fiscal Year Ending March 31, 2014
January 10, 2014 at 07:30 am EST
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Infosys Ltd. reported unaudited consolidated financial results for the third quarter and nine months ended December 31, 2013. For the quarter, revenues were $2,100 million against $1,911 million for the same period of last year. Operating profit was $526 million against $491 million for the same period of last year. Profit before income taxes was $643 million against $583 million for the same period of last year. Net profit was $463 million against $434 million for the same period of last year. Profit attributable to owners of the company was $463 million against $434 million for the same period of last year. Earnings per diluted share were $0.81 against $0.76 for the same period of last year. Capital expenditure was of $122 million.
For the nine months, revenues were $6,157 million against $5,460 million for the same period of last year. Operating profit was $1,445 million against $1,452 million for the same period of last year. Profit before income taxes was $1,746 million against $1,760 million for the same period of last year. Net profit was $1,264 million against $1,281 million for the same period of last year. Profit attributable to owners of the company was $1,264 million against $1,281 million for the same period of last year. Earnings per diluted share were $2.21 against $2.24 for the same period of last year.
The company revised revenue guidance for the fiscal year ending March 31, 2014. For the year, the company increased the revenue guidance to 11.5% to 12.0%.
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 Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended December 31, 2013; Revised Revenue Guidance for the Fiscal Year Ending March 31, 2014