Infosys Q3 Results — Highlights | Bizofit Innovation Platform

Infosys Q3 Results — Highlights

The article is related to: Infosys Q3 Results — Highlights
Date published: January 15, 2016

Infosys Q3 Results were just announced. Here are the highlights: Revenues were $ 2,407 million for the quarter (Analysts were expecting $ 2,370 million); QoQ growth was 0.6% in USD; 1.1% in constant currency terms; YoY growth was 8.5% in USD; 12.5% in constant currency terms Net

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Infosys Q3 Results were just announced. Here are the highlights:

  1. Revenues were $ 2,407 million for the quarter (Analysts were expecting $ 2,370 million); QoQ growth was 0.6% in USD; 1.1% in constant currency terms; YoY growth was 8.5% in USD; 12.5% in constant currency terms
  2. Net profit was $ 524 million for the quarter; QoQ growth was 0.9%; YoY growth was 0.4%
  3. Earnings per share (EPS) was $ 0.23 for the quarter on par with analyst expectations
  4. FY 16 revenue guidance increased to 12.8%-13.2% in constant currency and 8.9%-9.3% in USD terms
  5. Volume growth at 3.1% quarter on quarter
  6. Attrition declined to 13.4% on standalone basis (TCS’ attrition was north of 15%)
  7. Continued adoption of Aikido offerings, and increased traction for other platforms – Panaya, Skava, Edge, Infosys Information Platform and Infosys Automation Platform.
  8. Completed the acquisition of Noah Consulting, and investment in startups – WHOOP and CloudEndure
  9. Investments in OpenAI, a non-profit Artificial Intelligence organization
  10. Clients mentioned – ALSTOM, Mitsubishi Aircraft Corporation, Japan (MITAC), Mercedes Benz Research and Development Center, India, TNT, ATP, Proximus, BNSF Railway, & Aimia
  11. The CEO mentioned having won 4 large deals worth $360 mn; and pursuit of a $600 mn order

 

Earnings were generally on par with expectations.

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