Infosys Q1 Net Rises 32.92 Percent at 
2,289 Crore, Lowers Guidance
New Delhi: Country's second largest software firm Infosys reported a 32.92 percent jump in consolidated net profit to 
2,289 crore for the first quarter ended June 30, 2012.
The company had posted a net profit of 1,722 crore for the April-June quarter of the previous fiscal
(2011-12), Infosys said in a filing to the BSE.
Reacting to the results, the scrip of Infosys tumbled 9.42 percent to 2,233.95 at the BSE from its previous close since it failed to meet its dollar revenue guidance and also cut its dollar forecast for FY 2013.
The company's revenues up 28.47 percent to 9,616 crore in the first quarter from 7,485 crore in the year-ago period. In dollar terms, the company's revenue stood at $1,752 million against $1,671 million in the same quarter last year, up 4.8 percent.
Though the company exceeded its revenues forecast in rupee terms, it failed to meet dollar revenue guidance of $1,771 million to $1,789 million for the quarter.
It had expected its rupee revenues to be in the range of 9,011 crore and 9,100 crore for April-June 2012.
In Q1, rupee revenues of software companies are expected to rise marginally on the back of depreciating rupee.
Infosys did not give a revenue guidance for July-September quarter, but revised its annual forecast for FY13 to be atleast 40,364 crore (year-on-year growth of 19.7 percent) against previous guidance of 38,431 crore-39,136 crore.
However, in dollar terms it has slashed its forecast of revenue to be atleast $7.34 billion (a growth of 5 percent y-o-y) against earlier guidance of $7.55 billion-$7.69 billion (a growth of 8-10 percent y-o-y).
This is much lower than Nasscom's growth estimate of 11-14 percent for the industry in FY 2013.
Source: PTI
2,289 crore for the first quarter ended June 30, 2012.
The company had posted a net profit of 1,722 crore for the April-June quarter of the previous fiscal
(2011-12), Infosys said in a filing to the BSE.
Reacting to the results, the scrip of Infosys tumbled 9.42 percent to 2,233.95 at the BSE from its previous close since it failed to meet its dollar revenue guidance and also cut its dollar forecast for FY 2013.
The company's revenues up 28.47 percent to 9,616 crore in the first quarter from 7,485 crore in the year-ago period. In dollar terms, the company's revenue stood at $1,752 million against $1,671 million in the same quarter last year, up 4.8 percent.
Though the company exceeded its revenues forecast in rupee terms, it failed to meet dollar revenue guidance of $1,771 million to $1,789 million for the quarter.
It had expected its rupee revenues to be in the range of 9,011 crore and 9,100 crore for April-June 2012.
In Q1, rupee revenues of software companies are expected to rise marginally on the back of depreciating rupee.
Infosys did not give a revenue guidance for July-September quarter, but revised its annual forecast for FY13 to be atleast 40,364 crore (year-on-year growth of 19.7 percent) against previous guidance of 38,431 crore-39,136 crore.
However, in dollar terms it has slashed its forecast of revenue to be atleast $7.34 billion (a growth of 5 percent y-o-y) against earlier guidance of $7.55 billion-$7.69 billion (a growth of 8-10 percent y-o-y).
This is much lower than Nasscom's growth estimate of 11-14 percent for the industry in FY 2013.
