Infosys Ltd. Announces Audited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016; Revises Consolidated Revenue Guidance for the Year Ending March 31, 2017
January 13, 2017 at 04:54 am
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Infosys Ltd. announced audited consolidated earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, the company reported consolidated revenues of INR 172,730 million, operating profit of INR 43,340 million, profit before income taxes of INR 51,540 million, net profit of INR 37,080 million or INR 16.22 per basic and diluted share compared to the revenues of INR 159,020 million, operating profit of INR 39,590 million, profit before income taxes of INR 47,610 million, net profit of INR 34,650 million or INR 15.16 per basic and diluted share for the same quarter a year ago.
For the nine months period, the company consolidated reported revenues of INR 513,640 million, operating profit of INR 126,890 million, profit before income taxes of INR 150,170 million, net profit of INR 107,490 million or INR 47.02 per diluted share compared to the revenues of INR 458,910 million, operating profit of INR 114,000 million, profit before income taxes of INR 137,510 million, net profit of INR 98,940 million or INR 43.29 per basic and diluted share for the same period a year ago.
The company's outlook (consolidated) for the fiscal year ending March 31, 2017, under IFRS is as follows: Revenue guidance revised to 8.4%-8.8% from 8.0%-9.0% in constant currency.
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 Ltd. Announces Audited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016; Revises Consolidated Revenue Guidance for the Year Ending March 31, 2017