Infosys Ltd. Announces Audited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015
January 14, 2016 at 03:59 am
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Infosys Ltd. announced audited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, the company reported consolidated 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 compared to the revenues of INR 137,960.0 million, operating profit of INR 36,890.0 million, profit before income taxes of INR 45,290.0 million, net profit of INR 32,500.0 million or INR 14.22 per basic and diluted share for the same quarter a year ago. Net cash provided by operating activities was INR 84,580 million compared to INR 108,420 million a year ago. Expenditure on property, plant and equipment net of sale proceeds, including changes in retention money and capital creditors was INR 19,430 million compared to INR 15,920 million a year ago.
For the nine months period, the company consolidated reported 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 compared to the revenues of INR 399,080.0 million, operating profit of INR 103,830.0 million, profit before income taxes of INR 129,290.0 million, net profit of INR 92,320.0 million or INR 40.39 per basic and diluted share for the same period a year ago.
For the quarter, the company reported standalone revenues of INR 135,620 million compared to INR 121,920 million a year ago. Profit before exceptional item and tax was INR 43,760 million compared to INR 42,520 million a year ago. Profit before tax was INR 43,760 million compared to INR 42,520 million a year ago. Net profit for the period was INR 31,830 million or INR 13.86 per basic and diluted share after exceptional items compared to INR 30,550 million or INR 13.37 per basic and diluted share after exceptional items a year ago.
For the nine months period, the company standalone reported revenues of INR 398,250 million compared to INR 353,740 million a year ago. Profit before exceptional item and tax was INR 129,450 million compared to INR 122,160 million a year ago. Profit before tax was INR 159,810 million compared to INR 126,280 million a year ago. Profit for the period was INR 123,870 million or INR 53.93 per basic and diluted share after exceptional items compared to INR 91,400 million or INR 39.99 per basic and diluted share after exceptional items a year ago.
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%).