For Quick Alerts
For Daily Alerts

    6 takeaways from the poor Infosys numbers

    6 takeaways from the poor Infosys numbers
    Infosys: Quotes, News
    BSE 724.00BSE Quote7.6 (1.05%)
    NSE 724.60NSE Quote7.55 (1.04%)
    After raising expectations with a good set of Q3 FY 2013 numbers, Infosys has disappointed again with a poor set of numbers. The company's results are now becoming increasingly volatile and analysts are going horribly wrong in predicting the company's results. Here's why the Infy numbers disappointed the street.

    1) Poor dollar revenues

    Dollar revenues came in at just $1938 million for Q4FY 2013, as against analyst expectations of $1987 million.

    2) EBIT margins disappointing

    The EBIT margin was just 23.55 per cent, as against market expectations of 25 per cent. The company has been willing to sacrifice its high margin business for volumes.

    3) Revenue guidance way lower then NASSCOM industry estimates

    The company has guided for a growth in revenues of 6-10 per cent for FY 2014, as against NASSCOM projected industry growth of 12-14 per cent.

    4) Net revenue boosted by other income

    The company's net profit, which came in at Rs 2394 crores was way above estimates, but, boosted by other income.

    5) No EPS guidance for 2014

    As in the past the company has not provided for an EPS guidance for 2014, which would add to worries over the highly unpredictable nature of the company's results.

    6) Stock down 18 per cent

    The Infosys stocks is down 18 per cent in early trade, dragging stock indices lower.

    Read more about: infosys
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more