Tuesday, 15 April 2014

Infosys Update

Posted by Ways2Capital on Tuesday, April 15, 2014 with No comments


Infosys, India's second biggest software services exporter, beat the street by confirming 4th Quarter (January-March) net benefit at Rs 2,992 crore, up 4 % compared to previous Quarter in FY14. Experts had expected bottom line at Rs 2,835 crore for the Quarter. Year-on-year growth in net benefit was standing at 25 %.
It also amazed with its money income development assistance of 7-9 % (growth of 5.6-7.6 % in rupee terms) for FY15 as against prediction of 6-9 % by experts. Net benefit in money conditions improved 5.2 % Q-o-Q (up 9.7 % Y-o-Y) to USD 487 thousand in the one fourth gone by.

Net benefit in money conditions improved 5.2 % Q-o-Q (up 9.7 % Y-o-Y) to USD 487 thousand in the one fourth gone by.

“I am pleased that we have been able to double our growth rate for the full year compared to last year, though performance in the last quarter of FY14 has been disappointing,” says SD Shibulal, CEO and Managing Director.

“I am pleased that we have been able to double our growth rate for the full year compared to last year, though performance in the last quarter of FY14 has been disappointing,” says SD Shibulal, CEO and Managing Director.

“I am pleased that we have been able to double our growth rate for the full year compared to last year, though performance in the last quarter of FY14 has been disappointing,” says SD Shibulal, CEO and Managing Director.

For the season finished 31, 2014, Infosys' net benefit increased 13 % to Rs 10,648 crore and earnings hopped 24.2 % to Rs 50,133 crore compared to last season.
am pleased that we have been able to double our growth rate for the full year compared to last year, though performance in the last quarter of FY14 has been disappointing,” says SD Shibulal, CEO and Managing Director.

Read more at: http://www.moneycontrol.com/news/results/infosys-q4-net-beats-street-fy15-36-rev-guidance-at-7-9_1069360.html?utm_source=ref_article
“I am pleased that we have been able to double our growth rate for the full year compared to last year, though performance in the last quarter of FY14 has been disappointing,” says SD Shibulal, CEO and Managing Director.

Read more at: http://www.moneycontrol.com/news/results/infosys-q4-net-beats-street-fy15-36-rev-guidance-at-7-9_1069360.html?utm_source=ref_article

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