Infosys disappoints again; PAT below estimates, dollar revenue guidance scaled down

Business

oi-Sunil

By Sunil Fernandes

Updated: Thursday, July 12, 2012, 15:38 [IST]

Infosys Technologies Q1 results for 2012-2013 has disappointed once again with profit after tax coming in at just Rs 2289 crores, against analysts expectations of around Rs 2,450 crores. The company reported a PAT of Rs 1,722 crore in the corresponding period of last year.

The rupee revenue has come in line with expectations, though the EBIT figure of Rs 2693 has been a disappointment.

The earning per share of the company for the first quarter of 2012-2013 has come in at Rs 40.06. Infosys Technologies has added 51 clients during the quarter. The company had a gross addition of 9,236 employees (net addition of 1,157) for the quarter by Infosys and its subsidiaries.

"Our focus on Infosys 3.0 and building tomorrow's enterprise coupled with disciplined execution will help us deliver high-quality growth, despite challenges seen in the global economic situation resulting in slower IT spends by large corporations," said S. D. Shibulal, CEO and Managing Director.

GoodReturns.in