Infosys posts robust bottom-line, beats market estimates
Infosys's reported consolidated results for the quarter beat market estimates on bottom-line. Revenue for the quarter came in 0.2 % lower than the estimated figure of Rs. 17829 crores. And lastly, net profit for the quarter came in 42.12% higher than the estimated figure of Rs. 3609 crores.
Infosys consolidated revenue for the quarter came in at Rs. 17794 crores, registering 1.29% QoQ increase. This was primarily led by rise in revenue from energy utilities & communication segment by 2.88 per cent qoq to Rs.4241 crore.
EBITDA for the quarter rose by 2.45% QoQ to Rs. 4817 crores with a corresponding margin expansion of 30 bps. EBITDA margin for the quarter stood at 27.07%.
PAT for the quarter came in at Rs. 5129 crores, QoQ increase of 37.65%. This was due to reversal of income tax provision of Rs.1432 crore made in last year.
Further, employee attrition rate for the quarter declined by 270 bps to 18.7 per cent sequentially
The company maintained revenue guidance of 5.5 per cent -6.5 per cent in constant currency term and 6.5-7.5 per cent in dollar terms. Further, it it cuts FY18 sales growth in terms of Rupee 2.1-3.1 per cent from earlier 3-4 per cent.