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Superb Quarter For Infosys; Beats Estimates On Profits, Margins And Revenues
Infosys today reported another quarter of strong performance, beating analysts estimates on most counts for Q4 ending March 31, 2016.
Revenues were also impressive with the figures for the Quarter ending March 31, 2016 placed at Rs 16,550 crores vs Rs 15,902 crores, up 4 per cent QoQ. EBIT margins at 25.5 per cent vs 24.9% QoQ was again above most estimates and remained the highlight of the results.
The dollar revenue guidance for FY 2016-17 also remained upbeat at 11.8 to 13.8 per cent.
In constant currency terms Infosys has guided for a revenue growth of 11.5 to 13.5 per cent. This is in line with industry growth that NASSCOM has forecasted.
"I am proud of our company's achievements in my first fiscal year as CEO of Infosys. At the same time, I am humbled by the task that is still in front of us.
We started the year just two quarters into a strategy to completely reimagine the notion of services and to transform Infosys.
Over the course of this year, we saw this strategy, of bringing automation and innovation to our clients, on a foundation of learning and education, start to show results in the organic growth of our client relationships, in our win rates in large deals, and in the types of projects we are seeing in strategic areas where we never participated before. I am proud of what our teams have achieved this quarter and in the year," said Dr. Vishal Sikka, CEO
The stock market is closed for trading today and hence Infosys stock would react to numbers only on Monday. In recent times the stock has been exceedingly volatile on results day and most analysts expect the share price to rally on Monday.
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