5 takeaways from the Infosys FY Q2 results

Published: Friday, October 11, 2013, 9:28 [IST]

Infosys has reported numbers that were largely in line with expectations, but has revealed an outlook that is far better. Take a look at the 5 takeaways from the Infosys results for the quarter ending Sept 30, 2013.

1) Net profits marginally lower then expectations due to exceptional items

The net profits at the company for Q2 FY 2014 at Rs 2410 crores were marginally lower then expectations, due to exceptional items. Otherwise, the net profits would have been around Rs 2600 crores, bang in line with what analysts were expecting.

2) Ups the dollar revenue guidance

The company has upped its dollar revenue guidance for the full year to 8-10% from the earlier estimate of 6-10% given in the previous quarter. Dollar revenue guidance is one of the key data points eagerly watched by analysts and the upward revision suggests an improving business environment.

3) Revenues above expectations

The consolidated revenue of Rs 12,965 crores were way above street estimates of around Rs 12,700 crores.

4) Robust growth

The company witnessed broad based growth across geographical areas and verticals.

"During the quarter we witnessed broad-based volume growth, robust client additions, five large deal wins and increased sales momentum of our big data and cloud offerings. This growth is a result of our focus on execution, which helps our clients achieve their objectives." said S. D. Shibulal, CEO of the company.

5) Stock up 3% in trade

The markets were pleased with the company's results and the stock was up 3 per cent in trade. Analysts say that at the current market price of Rs 3225, Infosys is fairly valued, even considering the robust growth going ahead, since the stock has rallied substantially in the last few months.

GoodReturns.in

Story first published: Friday, October 11, 2013, 9:28 [IST]

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