The IT giant Infosys Technologies Wednesday filed its fourth quarter (Q4) results posting a moderate growth rate of 24% for the Q4 and 30% for the fiscal year 2008-09.
It has also sketched a bleak picture for the next quarter (Q1, from April 01 to June 30) and next fiscal year (2009-10) projecting moderate growth rate of 1.7-5.7 percent in FY 2009-10 on year-on-year (YoY) basis.
In a regulatory filing on April 15, Infosys posted a 24% growth, a net profit of Rs 1,613-crore for the fourth quarter (Q4) from January 01 to March 31, 2009; however, this was a 1.7% lesser than Q3 results which was Rs 1,641-cr.
In terms of gross income, it posted a total consolidated income for Q4 as Rs 5,635 crore – a 24% growth YoY growth but lower by 2.6% sequentially under the Indian accounting standard (IAS), while under International Financial Reporting Standard (IFRS), consolidated net income for the fiscal rose to $1.28 billion, a modest growth of 10 percent YoY.
The consolidated gross income for the FY08-09 under IAS was Rs 21,693-cr, a growth of 30% YoY while under IFRS it was $4.7 billion, a growth of 12 percent YoY.
Projecting a modest growth rate on the back of worsening global turmoil and extremely slowdown in IT sector, Infosys – the second largest Information technology firm after Tata Consultancy Service (TCS) – said that the results for the first quarter Q1 for FY 09-10 may be more moderate.
According to its estimation, For Q1, a consolidated income may be Rs 5,379-5,480 crore, a projection growth of 10.8-12.9% YoY under the Indian accounting standard, while under IFRS, it is expected to be around $1.06-1.08 billion, projecting a decline of 8.2-6.5 percent YoY.
On the other hand, the consolidated income for FY 09-10, is expected to be Rs 22,066-22,928 crore, a projection of a single digit growth of 1.7-5.7 percent over the last FY08-09 under the Indian accounting standard, whereas under the IFRS, the gross revenues for fiscal 2010 are expected to be $4.35-4.52 billion, a decline of 6.7-3.1 percent YoY.
In terms of Earning per Share (EPS), it is projected to be in the range of Rs 96.95-101.18, a decline of 7.6-3.3 percent YoY in FY 09-10.
For the long-term shareholders, Infosys has declared a final dividend of Rs 13.50 per share translating into Rs 773-cr as a whole, which is 270 percent on face value of Rs 5 per share, for profit sharing basis for FY 08-09. The final decision will be taken after the approval by the shareholders at its annual general meeting in June 2009.
Earlier, this IT bellwether had paid an interim dividend of Rs 10 per share or 200 percent on face value of Rs 5 per share in October 2008 for the first half (April-September) of fiscal (FY 2009). But this time, it has not declared any special dividend for FY 2009 unlike for the previous fiscal (2007-08).
|
|
Comments:
