Proud Of Our Team's Strong Execution, Says Visahl Sikka On Infosys Q1: Highlights

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Proud Of Our Team's Strong Execution, Says Visahl Sikka On Infosys Q1: Highlights

Infosys has guided for revenue growth in range of 6.5-8.5% in constant currency terms.

India's second biggest outsourcer Infosys announced its June quarter (Q1) earnings earlier in the day. The Bengaluru-based IT company's net profit came in at Rs 3,483 crore compared with Rs 3,603 crore during the previous quarter, down 3.3 per cent. The company's revenues came in at Rs 17,078 crore against Rs 17,120 crore in the March quarter. Infosys earnings came in better than the Street's estimates as analysts at Morgan Stanley had expected Infosys to report net profit of Rs 3,334 crore.

Here are the key highlights of Infosys Q1 earnings:




Jul 14, 2017
10:42 (IST)
Jul 14, 2017
10:31 (IST)
Will continue to compete for our fair share of large deals, says Infosys COO UB Pravin Rao.
Jul 14, 2017
10:28 (IST)
Rupee appreciation impacted revenues by 80 basis points, says Vishal Sikka.
Jul 14, 2017
10:27 (IST)
Planning to hire 2,000 people in Indiana and 2,000 in North Carolina in US, says CEO Vishal Sikka.
Jul 14, 2017
10:17 (IST)
Announced healthy variable pay hikes across verticals, says Infosys CFO M. D. Ranganath.
Jul 14, 2017
10:12 (IST)
Vishal Sikka, CEO of Infosys in a tweet said, "Really proud of our team's strong execution and great performance in Q1."


Jul 14, 2017
10:09 (IST)
Jul 14, 2017
09:52 (IST)
Jul 14, 2017
09:51 (IST)
India's second biggest IT services exporter Infosys today announced a better-than-expected net profit of Rs. 3,483 crore for the quarter ended June 30, 2017, helped by key client wins. Infosys revenues for the June quarter came in at Rs. 17,078 crore. Importantly, Infosys raised its dollar revenue guidance, cheering the markets. Global financial services major Morgan Stanley expected Infosys to post net profit of Rs. 3,335 crore on revenues of Rs. 17,119 crore in the June quarter. In the March quarter, Infosys had reported a net profit of Rs. 3,603 crore on revenues of Rs. 17,120 crore. Read
Jul 14, 2017
09:48 (IST)
Jul 14, 2017
09:45 (IST)
Jul 14, 2017
09:45 (IST)
Infosys' financial highlights for Q1FY18

Jul 14, 2017
09:43 (IST)
The dollar revenue of Infosys, which is widely tracked by analysts and investor community, grew 3.2 per cent in reported terms and 2.7 per cent in constant currency terms sequentially to $2,651 million.
Jul 14, 2017
09:41 (IST)
"We had broad-based growth across geographical and industry segments. Our initiatives on operational discipline led to record levels of utilization and better realization during the quarter," said U B Pravin Rao, COO. "Our new services and software offerings are helping us strengthen our positioning in the market."
Jul 14, 2017
09:35 (IST)
"In Q1, we continued to help clients drive automation and innovation into the core of their businesses leveraging our renewed traditional services, our new services in areas such as Cloud Ecosystem, Big Data and Analytics, API and Micro Services, Data and Mainframe Modernization, Cyber Security and IoT  Engineering Services, and our software-led offerings, especially our next-generation Artificial Intelligence (AI) Platform Nia," Infosys said in a press release.
Jul 14, 2017
09:32 (IST)
Jul 14, 2017
09:31 (IST)
Jul 14, 2017
09:30 (IST)
Infosys' operating profit came in at Rs 4,111 crore for the quarter ended June 30, 2017 (QoQ) decline of 2.4 per cent and YoY growth of 1.6 per cent.
Jul 14, 2017
09:26 (IST)
Infosys Q1 operating margin came in at 24.1 per cent.
Jul 14, 2017
09:25 (IST)
Infosys raised dollar revenue guidance to 7.1-9.1 per cent for the year, against its April forecast of 6.1-8.1 per cent.  Markets cheered Infosys earnings with the stock rising over 2 per cent as compared to flat broader market.
Jul 14, 2017
09:24 (IST)
"Our relentless focus on strong cash generation led to a healthy operating cash flow. Further, our continued emphasis on operational efficiencies enabled us to mitigate the impact of margin headwinds during the quarter," said M. D. Ranganath, CFO. "We successfully navigated yet another quarter of significant currency volatility through our hedging."
Jul 14, 2017
09:22 (IST)
India's second biggest IT services exporter Infosys today announced a better-than-expected net profit of Rs. 3,483 crore for the quarter ended June 30, 2017, down 3 per cent from Rs. 3,603 crore reported in the March quarter. Infosys revenues for the June quarter came in at Rs. 17,078 crore, against Rs. 17,120 crore reported in the March quarter. Global financial services major Morgan Stanley expected Infosys to post net profit of Rs. 3,335 crore on revenues of Rs. 17,120 crore in the June quarter.
Jul 14, 2017
09:21 (IST)
"Our persistent focus on execution in Q1 is reflected in broad-based performance on multiple fronts- revenue growth, resilient margins despite multiple headwinds, healthy cash generation and overall business results. I am encouraged by the uptick in revenue per employee for six quarters in a row, and the strong momentum in our new high growth services and software, as we accelerate our focus on innovation-led growth." said Dr. Vishal Sikka, CEO of Infosys.
Jul 14, 2017
08:49 (IST)
Infosys Ltd is re-evaluating its long-term targets because tougher market conditions have made them appear "daunting", the company's chairman said last month. Infosys Chief Executive Officer Vishal Sikka had said earlier that the IT services company was likely to struggle to reach its ambitious $20 billion revenue target by 2020 due to a challenging market environment.
Jul 14, 2017
08:44 (IST)
Revenues in the financial year 2017 came in at Rs 68,484 crore, up 9.7 per cent on an annual basis.
Jul 14, 2017
08:40 (IST)
For financial year 2017, the board of directors had announced a final dividend of Rs 14.75 per share amounting to Rs 4,078 crore.
Jul 14, 2017
08:34 (IST)
Infosys shares has underperformed the benchmark indices so far this year, as the stock has fallen 3.31 per cent compared with a gain of 21 per cent in the Nifty amid growth concerns.
Jul 14, 2017
08:12 (IST)
Infosys had reported a net profit of Rs 3,603 crore on revenues of Rs 17,120 crore.
Jul 14, 2017
08:07 (IST)
Infosys management had guided for revenue growth of 6.5-8.5 per cent in constant currency term for the current financial year. While, operating margin guidance is expected in range of 23-25 per cent for FY18.
Jul 14, 2017
08:04 (IST)
Infosys in the last financial year (FY17) reported that its revenues crossed $10 billion. FY17 revenues grew 9.7% to Rs 68,484 crore in rupee terms and 8.3 per cent in constant currency terms. Its operating margin in FY17 stood at at 24.7 per cent compared to 25.0 per cent in FY16.
Jul 14, 2017
07:55 (IST)
India's biggest IT services firm TCS on Thursday reported a net profit of Rs. 5,945 crore in the April-June quarter on revenues of Rs. 29,584 crore. Hurt by volatile currencies, TCS' net profit fell 10 per cent compared to the March quarter. TCS had reported net profit of Rs. 6,608 crore on revenues of Rs. 29,642 crore in the March quarter. Global brokerage Morgan Stanley expected TCS to report net profit of Rs. 5,999 crore on revenue of Rs. 29,797 crore in the June quarter.
Jul 14, 2017
07:51 (IST)
Jul 14, 2017
07:48 (IST)
 The India's second biggest outsourcer is expected to announce net profit of Rs 3,334 crore on sales of Rs 17,119.8 crore and EBITDA or operating profit is expected to come in at Rs 4,453 crore as estimated by a report published by Morgan Stanley. 
Jul 14, 2017
07:47 (IST)
Besides growth guidance, here are other five things that needs to be watched in Infosys Q1 earnings, according to domestic brokerage Edelweiss Securities: 1) growth guidance and revenue growth traction of digital services; 2) management commentaries on clients budgets; 3) growth in key verticals, such as, BFSI, manufacturing, retail, healthcare, etc; 4) pace of local hiring due to expected changes in visa regime; and 5) pace of commoditisation of legacy business and impact of same on demand outlook.
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