Infosys beats expectations: Q2 net profit at Rs 2,992

Summary :-The revenues of Infosys for the fourth quarter ending March 30, 2014 rose by 23%.

 The fourth quarter results for FY14 from Infosys is line with market projections as India’s second largest IT services exporter ended the fiscal with a US dollar revenue growth of 11.5% and as expected it has provided a guidance of 7-9% revenue growth for FY15


Infosys had already stated that it would only be able to meet the lower end of the FY14 guidance in the range of 11.5-12% and there was also lower expectation built on its FY15 revenue projection. The guidance given by the IT major is much lower than the projection for the Indian IT industry of 13-15% by Nasscom. 


At the end of fourth quarter of FY14, Infosys reported revenue of $2.09 billion which was marginal decline of 0.4% when compared to the fourth quarter. The net profit touched $487 million, recording a sequential growth of 5.2%.
In rupee terms, the fourth quarter revenue of Infosys stood at Rs 12,875 crore which was sequential decline of 1.2% while the net profit rose 4.1% quarter-on-quarter basis to touch Rs 2,992 crore. 

Tanay Tapas
PGDM 1ST year
SOURCE :-