Infosys Q4 Net rises 25% to Rs 2,992 crore; revenue up 23.2%

Country's second largest software services firm Infosys today reported 25 per cent jump in net profit at Rs 2,992 crore for the quarter ended March 31, 2014, as compared to Rs 2,394 crore in the same period last fiscal.

The company's revenue for the reported quarter was up 23.2 per cent to Rs 12,875 crore from Rs 10,454 crore in the year-ago period.

The Bangalore-based firm, which is on a revival path following the return of its co-founder N R Narayana Murthy at the helm of affairs, has forecast a conservative outlook of 7 to 9 per cent revenue growth in dollar terms for the financial year 2014-15.
 

In dollar terms, the company's profit grew 9.7 per cent to USD 487 million in the reported quarter while revenue was up by 7.9 per cent to USD 2.09 billion in the quarter under review.

For FY'14, net profit grew 1.5 per cent to USD 1.75 billion, while revenue was up 11.5 per cent to USD 8.2 billion over the previous fiscal.

"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," Infosys CEO and Managing Director S D Shibulal said in a statement.

Infosys has guided a revenue growth of 7-9 per cent (in dollar terms) next year and remains firmly focused on building the growth momentum by making all the necessary investments in its business, he added.

Sequentially, the company's net profit was up 4.1 per cent from Rs 2,875 crore in the October-December 2013 quarter, while revenue was lower by 1.2 per cent from Rs 13,026 crore.

For FY'14, the net profit was up 13 per cent at Rs 10,648 crore and revenue grew 24.2 per cent to Rs 50,133 crore.

North America accounted for 59.8 per cent of the revenues, Europe (25.2 per cent), India (2.6 per cent) and Rest of the World (12.4 per cent).