India's second largest software exporter, Infosys today reported 28.62% growth in consolidated net profit to Rs 30.96 billion for the quarter ended Sept. 30, 2014 as compared to Rs 24.07 billion in the same period last year. On quarter on quarter basis, it posted a rise of 7.28% in the net profit. Market was expecting profit to come at Rs 29.85 billion.
Revenues has increased to Rs 133.42 billion for the quarter ended Sept. 30, 2014 from Rs 129.65 billion for the quarter ended Sept. 30, 2013, representing an increase of 2.91%. On quarter on quarter basis, it posted a rise of 4.48% in the revenues.
''FY15 revenue guidance maintained at 7-9%,'' the company said. Commenting on company's outlook (consolidated) for the fiscal year ending Mar. 31, 2015 the company expects revenue to grow 6.7%-8.7% in INR terms.
Infosys and its subsidiaries added 49 clients during the quarter. Gross addition is at 14,255 employees during the quarter. The company is having 165,411 employees as on Sept. 30, 2014.
The company has declared interim dividend of Rs 30 a share. The company also declared 1:1 bonus issue of equity shares and 1:1 stock dividend of American Depositary Shares, to increase liquidity of its shares and expand the retail shareholder base.
''Digital transformation is reshaping the business of every one of our clients. We see this as a great opportunity to help them renew the core of their business as well as to expand into new frontiers and are seeing early positive results'', said Vishal Sikka, chief executive officer and managing director. ''Our strategy is to apply the same principles to our own business in order to capture this opportunity and accelerate our growth, within our culture of lifelong learning and purposeful work.''
''On several fronts, our efforts to bring in operational efficiencies yielded encouraging results during the quarter'', said U B Pravin Rao, chief operating officer. ''We have seen positive results of some of our interventions on sales, margins and attrition, and we will continue to focus on these areas.''
''We have been able to improve our margins during the quarter and feel confident of sustaining these within a narrow band'', said Rajiv Bansal, chief financial officer. ''This is giving us increased confidence to make the investments required to meet our growth aspirations.''
Shares of the company gained Rs 203.45, or 5.58%, to trade at Rs 3,849.00. The total volume of shares traded was 270,004 at the BSE (9.40 a.m., Friday).
