Infosys Limited
 |
| VISHAL TIKKA, CEO & MD |
IFRS
– INR
Press
Release Excerpts
Infosys (NSE, BSE: INFY) Announced
Results for the Quarter ended December31, 2014
Q3 revenues at Rs.13,796 crore;
Growth
of 3.4 % QoQ; 5.9% YoY
Constant currency revenue growth
of 2.6% QoQ in US dollar terms
Operating margins at
26.7%; increase of 60 bps QoQ; 170 bps YoY
Net profit at Rs.3,250 crore;
growth of 5.0 % QoQ; 13.0 % YoY
Volume growth of 4.2% QoQ (best
in 3 years) ; 11.0%YoY
FY 15 revenue guidance maintained
7% - 9% at Sep 30th exchange rates
Financial Highlights
Consolidated
results
under
(IFRS for Q/E December 31, 2014
Revenues were Rs.13,796 crore
for the quarter ended December 31, 2014; QoQ growth was 3.4%; YoY growth was 5.9%
Net profit was Rs.3,250 crore
for the quarter ended December 31, 2014 ; QoQ growth was 5.0% YoY growth was 13.0%
Earnings per share (EPS)
was Rs.28.44 for the quarter ended December 31, 2014 QoQ growth was 5.0 % YoY
growth was 13.0%
Liquid assets including cash
and cash equivalents, available - for-sale financial assets, certificates of deposits and government bonds were Rs.34,873 crore as on December 31, 2014 as compared to Rs.33,616 crore as on September 30, 2014.
· The company
has expanded its Innovation Fund from the current $100 million to $500 million to support the
creation of a global eco-system of strategic partners.
· Infosys has
pledged Rs.254 crore for FY 15, towards Corporate Social Responsibility (CSR) which
is primarily being carried out through the Infosys Foundation, its
philanthropic arm. The Infosys Foundation is engaged in several programs aimed
at alleviating hunger, promoting education, computing literacy, improving health,
assisting rural development, supporting arts and helping the destitute
.
Other Highlights
· Infosys and
its subsidiaries added 59 clients (gross) during the quarter.
· Gross
addition of 13,154 employees during the quarter.
· 169,638 employees
as on December 31, 2014 at Infosys and its subsidiaries.
· Highest
utilization (excluding trainees) in 11 years
· Best volume
growth in 3 years
· Made 100%
variable payout for Q3
“We are excited by several
breakthrough results in Q3. Our “renew and new” strategy, is being received
well by our clients and our ecosystem and we are already seeing its early adoption ”, said Dr.
Vishal Sikka, CEO and Managing Director.
“Based on our strong
performance, we are intensifying our efforts to deepen employee engagement ,
client ecosystem and strengthen our foundation of education as we build a next -generation
services Company that innovates for consistent profitable growth.”
“During the quarter, we saw
broad-based volume growth, increased utilization and strong client additions”, said
U. B. Pravin Rao, Chief Operating Officer.
“We have made 100% variable
payout for Q3 and have seen a further decline in attrition as a result of
multiple initiatives taken over the last few quarters.”
“Our sequential revenue growth
in Q3 was adversely impacted to the extent of 1.8% due to USD appreciation against
other major currencies”, said Rajiv Bansal, Chief Financial Officer.
“We made required investments keeping
in mind short-term priorities and long-term aspirations”
Business Highlights
Over this quarter, we have
been actively planning and executing the elements required to realize our
strategy of renewing the core and innovating into new frontiers, based on a culture
of learning and creativity. We are seeing strong traction and acceptance of our
new strategy with clients , as we continue to invest in strategic partnerships,
education and automation.
Deutsche Bank selected
Infosys as one of its strategic partners to help consolidate and renew its enterprise
application landscape with the benefits of cloud re-platforming, mobile access,
analytics and other operational efficiencies.
A global software products
company has chosen Infosys to help renew its core Finance, HR and Legal IT
platforms. Infosys, through a multi-year partnership, will leverage its
expertise in software development and engineering to co-innovate with the
client.
We have covered over 9,000
employees across the company with design thinking training; more than 400 of
these are at senior levels. We have gone further and got our clients to embrace
design thinking concepts. We currently have a pipeline of workshops for over 25
clients planned.
A financial services company
selected Infosys as its primary partner for technology services worldwide.
Infosys will build a next-generation authorization platform, new mobile payment
solutions and help transform the client’s billing systems. Infosys will also
renew the client’s application maintenance, testing and production support
infrastructure.
Infosys continues to expand
and enter into strategic partnerships to offer new solutions to clients:
O Partnered with Tableau Software, a global leader in
rapid-fire, easy -to-use business analytics software , to integrate their offerings
into the Big Data solutions offered to clients
O Entered into an engineering
partnership with DreamWorks Animation, through which Infosys will deploy its global
talent pool, available across Cloud, Big Data, Java and open source capabilities,
to develop next
-generation solutions based on
DreamWorks technology
We have partnered with
Stanford Global School of Business to create a comprehensive executive education
program with a suite of business management skills and courses in corporate
innovation processes. This initiative will include 200 executives, each of whom
will participate in a part - time, year-long program over three years.
We have established an
Artificial Intelligence (AI) Center of Excellence to enable our developers to infuse
AI and machine learning into the development and authoring experience to
increase productivity multifold. Till date, 1,000 developer s have been trained
on machine learning and we plan to train over 500 more every quarter.
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