Infosys Limited Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017; Provides Revenue Guidance for the Year 2018
January 12, 2018 at 06:30 am
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Infosys Limited reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, the company reported revenues of USD 2,755 million as compared to USD 2,551 million for the same period last year. Operating profit was USD 669 million as compared to USD 640 million for the same period last year. Profit before income taxes was USD 818 million as compared to USD 761 million for the same period last year. Net profit was USD 796 million as compared to USD 547 million for the same period last year. Profit attributable to the owners of the company was USD 796 million as compared to USD 547 million for the same period last year. Basic and diluted earnings per equity share were USD 0.35 as compared to USD 0.24 for the same period last year.
For the nine months, the company reported revenues of USD 8,134 million as compared to USD 7,639 million for the same period last year. Operating profit was USD 1,966 million as compared to USD 1,886 million for the same period last year. Profit before income taxes was USD 2,368 million as compared to USD 2,232 million for the same period last year. Net profit was USD 1,915 million as compared to USD 1,597 million for the same period last year. Profit attributable to the owners of the company was USD 1,915 million as compared to USD 1,597 million for the same period last year. Basic and diluted earnings per equity share were USD 0.84 as compared to USD 0.70 for the same period last year.
For the year 2018, the company reported that revenues are expected to grow 5.5%-6.5% in constant currency. Revenues are expected to grow 6.5%-7.5% in USD terms based on the exchange rates as of December 31, 2017.
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 Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017; Provides Revenue Guidance for the Year 2018