Infosys Limited Reports Audited Consolidated Earnings for the Third Quarter and Nine Months Ended Dec. 31, 2018; Revises Revenue Guidance for the Fiscal Year 2019
January 11, 2019 at 10:55 am
Share
Infosys Limited reported audited consolidated and standalone earnings for the third quarter and nine months ended Dec. 31, 2018. For the quarter, on the consolidated basis, the company reported revenues of $2,987 million compared to $2,755 million reported in the same period last year. Operating profit was $675 million against $669 million reported last year. Net profit was $502 million against $796 million reported last year. Basic and diluted earnings per share was $0.12 against $0.17 reported last year.
For the nine months, on the consolidated basis, the company reported revenues of $8,740 million compared to $8,134 million reported in the same period last year. Operating profit was $2,038 million against $1,966 million reported last year. Net profit was $1,618 million against $1,915 million reported last year. Basic and diluted earnings per share was $0.37 against $0.42 reported last year.
For the quarter, on the standalone basis, the company reported revenues from operation of INR 188,190 million compared to INR 156,310 million reported in the same period last year. Net profit was INR 35,010 million against INR 60,040 million reported last year.
For the nine months, on the standalone basis, the company reported revenues from operation of INR 541,710 million. Net profit was INR 108,820 million.
For the fiscal year 2019, revenue guidance in constant currency revised upward to 8.5%-9.0%.
Infosys Limited is an information services company, their end-to-end business solutions include:
- consulting and systems integration comprising consulting, enterprise solutions, systems integration and advanced technologies;
- business IT services comprising application development and maintenance, independent validation services, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management;
- products, business platforms and solutions to accelerate intellectual property led innovation, including Finacle TM, our banking product, which offers solutions to address core banking, mobile banking and e-banking needs of retail, corporate and universal banks worldwide;
- newer areas such as cloud computing, enterprise mobility and sustainability.
Net sales break down by market between finance (29.8%), retail and logistics (14.5), telecommunications services (12.3%), manufacturing industry (12.9%), energy and utilities (12.6%), technology (8.1%), life sciences, health care and insurance (6.9%) and other (2.9%).
Net sales are distributed geographically as follows: India (2.6%), North America (61.8%), Europe (25.6%) and other (10%).
Infosys Limited Reports Audited Consolidated Earnings for the Third Quarter and Nine Months Ended Dec. 31, 2018; Revises Revenue Guidance for the Fiscal Year 2019