Infosys: Quotes, News

BSE 1254.6033.95 (-2.71%)

NSE 1255.9035.1 (-2.79%)

1) Rupee profit after tax beats expectations

The profit after tax in rupee terms which was largely placed at Rs 2875 crores, beat most estimates. Analysts on an average had expected Infosys to post a profit after tax of Rs 2700 crores for the quarter ending Dec 31, 2013.

2) Dollar revenue guidance in line with estimates

Infosys has raised the dollar revenue guidance to 11.5 per cent to 12 per cent. This was largely expected due to a strong recovery in the US markets.

3) Dollar revenues muted

The dollar revenue for the quarter ended Dec 31, 2013 at $2100 million was muted and largely disappointed the street. This was one reason the stock did not rally substantially in trade today.

4) Healthy expansion in margins

The company saw a healthy expansion in EBIT margin for the quarter ending Dec 31, 2013 to 25 per cent. This was largely on account of cost cutting measures initiated by the company in the last few quarters.

5) Stock marginally higher in trade

The Infosys stock which has run up almost 60% in the last one year, saw a gain of 1 per cent, after opening substantially higher. The stock did not run up higher largely on account of muted dollar revenue growth.

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