Infosys Q1 results

Software outsourcing giant Infosys posted slightly higher quarterly profit than expected on Friday and maintained its revenue growth forecast despite weak rupee and uncertainty about US visas for its employees.

Here are the highlights of the Q1 results of Infosys:

 Revenues were Rs 11,267 crore for the quarter ended June 30, 2013

QoQ growth: 7.8%

YoY growth: 17.2%

 Net profit was Rs 2,374 crore for the quarter ended June 30, 2013

QoQ decline: 0.8%

YoY growth: 3.7%

 Earnings per share (EPS) was Rs 41.54 for the quarter ended June 30, 2013

QoQ decline: 0.8%

YoY growth: 3.7%

 Liquid assets including cash and cash equivalents, available-for-sale financial assets,and government bonds were Rs 24,078 crore versus Rs 23,958 crore as on March 31, 2013.

 Infosys and its subsidiaries added 66 clients during the quarter

 Gross addition of 10,138 employees (net addition of 575) for the quarter by Infosys and its subsidiaries

 157,263 employees as on June 30, 2013 for Infosys and its subsidiaries

Geographical segment – growth

North America grew by 4.9% sequentially, and 5% in constant currency

 Europe declined by 3% sequentially; and 2.4% in constant currency

 India grew by 10.4% sequentially

 Rest of the world grew by 2.4% sequentially and 6.5% in constant currency

Industry segment – growth

Financial Services and Insurance (FSI) segment grew by 1.9% sequentially; and 2.9% in constant currency

Manufacturing (MFG) grew by 4% sequentially; and 4.5% in constant currency

 Retail, CPG, Logistics and Life Sciences (RCL) grew by 6.3% sequentially; and 6.7% in constant currency .Energy & utilities and communications & services (ECS) declined by 1.6% sequentially; and 0.6% in constant currency.