Infosys has come with its quarterly results and the markets have given them thumps up ( I didn't get it)
Well, the results are below what the markets have expected.
Some of the Data:
Fiscal 2010 revenues expected to decline by 6.7% to 3.1%
Fiscal 2009 revenue growth of 11.7% reported
Consolidated results for the quarter ended March 31, 2009
Revenues were $ 1,121 million for the quarter ended March 31, 2009; YoY decline was 1.8%
Net income after tax was $ 321 million for the quarter ended March 31, 2009; YoY growth was
Earnings per American Depositary Share (ADS)* increased to $ 0.56 from $ 0.55; YoY growth of
Consolidated results for the year ended March 31, 2009
Revenues were $ 4,663 million for the year ended March 31, 2009; YoY growth was 11.7%
Net income after tax* before exceptional item was $ 1,281 million for the year ended March 31,
2009; YoY growth was 10.1%
Earnings per American Depositary Share (ADS)* increased to $ 2.25 from $ 2.04; YoY growth of
37 clients were added during the quarter by Infosys and its subsidiaries
Gross addition of 4,935 employees (net 1,772) for the quarter and 28,231 employees
(net 13,663) for the year by Infosys and its subsidiaries
104,850 employees as on March 31, 2009 for Infosys and its subsidiaries
The Board of Directors recommended a final dividend of Rs. 13.50 per ADS (equivalent to $ 0.27
per ADS at the prevailing exchange rate of Rs. 50.72 per US$) for fiscal 2009.The dividends are
payable on the ADSs outstanding as on record date, at the prevailing exchange rate on the
payment date and are subject to approval by the shareholders.
With the global markets once again resuming there bull run, lets hope it will continue..for a long long time.