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7 takeaways from the Infosys Q1 2014 results


 7 takeaways from the Infosys Q1 2014 results
Infosys Technologies has beaten analysts expectations by reporting a better set of numbers. Here are a few takeaways from the Q1 2014 numbers.

1) PAT beats estimates


The company's profit after tax (PAT) for Q1 FY 2014 has been marginally higher then what analysts were expecting. The consensus estimates were around Rs 2300 crores, but the company reported PAT of Rs 2374 crores.

2) EBIT margin better

The EBIT margin was 23.64 per cent for Q1 2014, which was again better then analysts estimates.

3) Dollar guidance unchanged

The dollar revenue guidance remained unchanged for FY 2014 at 7-10%, as against analysts estimate of a further downside in guidance by the management. Though one must admit that the guidance is still below the NASSCOM growth estimates for the industry.

4) Cloud and big data doing well

The company's focus on Cloud and Big Data as new growth areas continue to yield results. The Cloud and Big Data business has executed over 100 engagements.

5) Company adds new clients

The company added 66 clients during Q1 2014. The company says it remains cautiously optimistic about the future.

6) Margins maybe under pressure due to wage hike

The company says that its margins maybe under pressure in the next few quarters due to a wage hike. The management in a press conference has said that margins could be lower by 300 basis points in the next few quarters.

7) Markets give a thumbs-up to the results

Markets have given a thumbs-up to the results with the stock up 13% in trade. Most of the big foreign fund houses are likely to revise their outlook for the company.

Read more about: infosys q12014
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