Infosys Crosses US$ 3 Billion in Revenues in the First Nine Months:- - ITVoir.com - Latest IT News, Computer vendors in India, IT Blogs, IT industry in India : Latest IT News

Infosys Crosses US$ 3 Billion in Revenues in the First Nine Months:-

Income was Rs. 4,271 crore for the third quarter, YoY growth was 16.9%.
Net profit after tax was Rs. 1,231 crore for the quarter ended December 31, 2007; YoY growth was 25.2%.
Earnings per share increased to Rs. 21.54 from Rs. 17.64 for the corresponding quarter in the previous year; YoY growth was 22.1%.

The net profit for the quarter ended December 31, 2007 includes a reversal of tax provisions amounting to Rs. 50 crore. Excluding this reversal, the earnings per share for the quarter would have been Rs. 20.66 resulting in a YoY growth of 17.1%.

Others

47 new clients were added during the quarter by Infosys and subsidiaries
Gross addition of 11,683 employees (net 8,100) for the quarter by Infosys and subsidiaries.88,601 employees were in the company as on December 31, 2007 for Infosys and subsidiaries.

Business outlook

The company’s outlook (consolidated) for the quarter ending March 31, 2008 and the fiscal year ending March 31, 2008, under Indian GAAP and US GAAP, is as follows:

Outlook under Indian GAAP – consolidated

Quarter ending March 31, 2008

Income is expected to be in the range of Rs. 4,477 crore and Rs. 4,501 crore; YoY growth of 18.7% – 19.3%.
Earnings per share is expected to be Rs. 21.38; YoY growth of 5.3%.

Fiscal year ending March 31, 2008

Income is expected to be in the range of Rs. 16,627 crore and Rs. 16,651 crore; YoY growth of 19.7% – 19.9%.
Earnings per share is expected to be Rs. 81.07; YoY growth of 17.12%

conversion 1 $ = Rs. 39.41

including tax reversal of Rs. 124 crore for the quarter ended March 31, 2007. Excluding the tax reversal the Earnings per share will be Rs. 21.38 and Rs. 18.10 for the quarter ending March 31, 2008 and 2007 respectively; YoY growth of 18.1%.

Including tax reversal of Rs. 101 crore and Rs. 125 crore for the year ended March 31, 2008 and 2007 respectively. Excluding the tax reversal the Earnings per share will be Rs. 79.30 and Rs. 66.86 for Fiscal 2008 and 2007 respectively; YoY growth of 18.6%.

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