 "Infosys gains as Q4 profit beats estimates")
Infosys is trading 3% higher at Rs 3,335 on the NSE (National Stock Exchange) after the company reported a better-than-expected 4.1% sequential growth in consolidated net profit at Rs 2,992 crore for the fourth quarter ended March 31, 2014 (Q4).
Analysts, on an average, had expected profit of Rs 2,789 crore for the quarter. The company had reported a profit of Rs 2,875 crore in the December 2013 quarter.
Total consolidated revenues, however, declined by 1.2% at Rs 12,875 crore in March quarter against Rs 13,026 crore in December quarter, Infosys said in a statement.
Q4 operating margins expanded 50bps sequentially to 25.5%, it added.
Meanwhile, the company has guided for a revenue growth of 7%-9% for the financial year 2014-15 (FY15) in dollar terms. The board has recommended a final dividend of Rs 43 per equity share for the financial ended March 31, 2014.
The stock opened at Rs 3,332 and touched a high of Rs 3,388 on the NSE. A combined around 380,000 shares changed hands on the counter in early morning deals on the NSE and BSE.
Analysts, on an average, had expected profit of Rs 2,789 crore for the quarter. The company had reported a profit of Rs 2,875 crore in the December 2013 quarter.
Total consolidated revenues, however, declined by 1.2% at Rs 12,875 crore in March quarter against Rs 13,026 crore in December quarter, Infosys said in a statement.
Q4 operating margins expanded 50bps sequentially to 25.5%, it added.
Meanwhile, the company has guided for a revenue growth of 7%-9% for the financial year 2014-15 (FY15) in dollar terms. The board has recommended a final dividend of Rs 43 per equity share for the financial ended March 31, 2014.
The stock opened at Rs 3,332 and touched a high of Rs 3,388 on the NSE. A combined around 380,000 shares changed hands on the counter in early morning deals on the NSE and BSE.
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