Infosys Q4 Numbers Disappoint; Declares 1:1 Bonus Issue of Shares

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Infosys today reported numbers including net profits, dollar revenues and revenues in constant currency terms that lagged estimates. The net profit of the company was Rs 3097 crores for the quarter ending March 31, 2015, which were marginally lower then expectations. The company had reported a net profit of Rs 3055 crores for the period ending Dec 31, 2014.

Infosys Q4 Numbers Disappoint; Declares 1:1 Bonus Issue of Shares
Infosys: Quotes, News
BSE 1022.20BSE Quote6.8 (0.67%)
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Net revenues came in at Rs 13,411 crores, which was again below street estimates of around Rs 13,600 crores. Infosys Q4 dollar revenues were placed at USD 2159 mn, again a tad below estimates.

The company has guided for a 10-12 per cent revenues in constant currency terms for 2015-16, as against NASSCOM's own growth of 12-14 per cent for the industry. This was among the only silver lining for the company.

Infosys has also declared a bonus in the ratio of 1:1.

In terms of geographical revenues, North America saw a decline in revenues by 0.7% sequentially; and 0.4% in constant currency. Europe declined by 6.1% sequentially; and 0.3% in constant currency terms.

Liquid assets including cash and cash equivalents, available-for-sale financial assets,
certificates of deposits and government bonds were Rs 32,585 crore as on March 31, 2015
as compared to Rs 34,873 crore as on December 31, 2014 and Rs 30,251 crore as on March 31, 2014.

Meanwhile, the shares of the company lost almost two per cent in trade, following the results, though they were much steady then the previous quarters where there have been wild swings.

Read more about: infosys
Story first published: Friday, April 24, 2015, 13:11 [IST]
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