Dollar revenue guidance good
The company has given a dollar revenue guidance of 7-9 per cent for 2015. Though, this is way below NASSCOM estimates for the industry, it is much better than what analysts were expecting from Infosys, considering that last month they had hinted at subdued growth in an analyst meet.
Profit after tax significantly better
The profit after tax figure for Q4 2014 which was expected at around Rs 2850 crores has been much better at Rs 2992 crores. This is largely on the back of improved margins.
EBIT margins also higher
The consolidated EBIT margin has come in at Rs 25.48 per cent, as against expectations of around 25 per cent.
Liquid assets cross $5 billion
Liquid assets including cash and cash equivalents, available-for-sale financial assets, certificates of deposits and government bonds were $5.0 billion as on March 31, 2014 versus $4.4 billion as on December 31, 2013 and March 31, 2013.
Markets gives a big thumbs up
Stock markets cheered the Infosys numbers with the stock up 3 per cent in trade. Dealers say there is a possibility of a further re-rating of the stock.
Management commentary positive
Management commentary and guidance are always crucial for investors. Here is what the management had to say.
"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 FY 14 has been disappointing." said S. D. Shibulal, CEO and Managing Director. "We have guided for a revenue growth of 7%-9% next year and remain firmly focused on building the growth momentum by making all the necessary investments in our business."