Infosys Technologies Limited
) reported fourth quarter and fiscal 2012. Quarterly earnings per
ADS from continuing operations of 81 cents, per share were in line
with the Zacks Consensus Estimate. Earnings grew 1.3% sequentially
and grew 15.7% year over year, led by growth in all areas and
across the customer base.
Total revenue for the quarter was $1.7 billion, representing a
year-over-year growth of 10.5%. The company saw growth in retail
and manufacturing and also in banking, insurance and financial
The company had a good quarter in terms of client additions.
Infosys added 52 new clients during the quarter.
The company recorded an operating profit of $528 million
compared with $464 million in the prior-year period. Net income
after tax was $463 million, up 15.2% year over year. For the
reported quarter, operating margin increased 85 basis points year
over year to 29.8% from 28.9%.
Infosys maintains a strong liquidity position with cash &
cash equivalents, including investments in available-for-sale
financial assets and certificates of deposits, amounting to $4.1
billion at the end of the quarter.
For the quarter ending June 30, 2013, Infosys expects revenues
to be in the range of $1.71 billion to $1.79 billion, up 6.0% to
7.1% year over year. Earnings per ADS are expected to be 73 cents,
up 9.0% from the year-ago quarter.
For the fiscal year ending March 31, 2013, the company expects
revenue to be in the range of $7.55 billion to $7.69 billion
compared, reflecting year over year growth of 8.0% to 10.0%.
Earnings per ADS are expected to be $3.00 compared to a range of
$3.12 to $3.17.
Infosys currently holds a Zacks Rank of #3, which implies a
short term Hold rating on the stock.
(The company provides limited information in the press
release, so details for the quarter will not be available until
it has its conference call later today.)
INFOSYS LTD (
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