Infosys Q4 2014 net profits at Rs 2992 crores; beats expectations

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Infosys Q4 2014 net profits at Rs 2992 crores; beats expectations
Infosys: Quotes, News
BSE 923.10BSE Quote98.05 (10.62%)
NSE 923.25NSE Quote97.6 (10.57%)
Infosys today reported numbers that were marginally better than estimates on several counts with consolidated net profit after tax for the quarter ending March 2014 coming in at Rs 2992 crores, as against Rs 2835 crores (quarter on quarter).

Rupee consolidated revenues for Q4 2014 has come in slightly below estimates at Rs 12,875 crores.

"I am pleased that we have been able to double our growth rate for the full year compared to last year, though performance in the last quarter of FY 14 has been disappointing." said S. D. Shibulal, CEO and Managing Director.

"We have guided for a revenue growth of 7%-9% next year and remain firmly focused on building the growth momentum by making all the necessary investments in our business."

"Our cash and cash equivalents crossed $5 billion during the quarter. We have increased the dividend payout ratio to up to 40% of post-tax profits effective FY 14 to enhance returns for our shareholders." said Rajiv Bansal, Chief Financial Officer.

The consolidated EBIT margin has come in at Rs 25.48 per cent. The board has declared a dividend of Rs 43 per share.

Infosys has said that it has applied for 18 unique patent applications in India and the USA during the fourth quarter, adding to a total of 541 patent applications undergoing various stages of patent prosecution in India, the U.S. and other jurisdictions. Granted 153 patents by the United States Patent and Trademark Office, 3 patents by the Luxembourg Patent Office and 1 patent by the Australian Patent Office.

The company has given a dollar revenue guidance of 7-9 per cent for 2015. The board of directors have recommended a dividend of Rs 43 per share.  The stock was up 3 per cent in early trade.

Read more about: infosys, q4 2014
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