The second largest country in software services Infosys was down 5.3 percent in net profit to Rs 1722 crores on a sequential basis primarily due to salary increases.
IT said that the most important results of the first quarter on Tuesday, said the current quarter, revenues grew by 3.2 percent of RS 7485 crore.
Surplus rises 15.7% yoy
Year after year, net income rose 15.7 percent, while revenue rose 20.8 percent. Earnings per share or EPS decreased 5.3 percent to 30.14 rupees on a sequential basis, if the growth was 15.7 percent. "We have reorganized the company to be more the domain of the target industry that will accelerate innovation and make us more sensitive to customer needs," Infosys Chief Executive and Managing Director, Mr. S. Gopalakrishnan said in a statement.
Revenue guidance
Infosys also provided guidance for the next quarter. And 'moderate growth expected in the range of Rs 7699 crore and RS 7,810 crore, or between 10.8 percent and 12.4 percent year on year.
Commenting on the results, Mr. Dipen Shah, Vice President (Research Group for private clients), Kotak Securities, said the Infosys results were slightly above their estimates. "The company has probably taken a conservative view of the macro scene and the possible impact on the rate of customer spending while its FY12 guidance. He saw no cuts or prices for our customers, for now. Transaction Processing large and offers keep coming and this is encouraging. It is also encouraging the development of society on the products / platforms where bagged five projects in 1QFY12, "said Shah.
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