Infosys , country's second largest software services exporter has come out with its fourth quarter FY12 numbers today. It has disappointed the street by its revenues and EBIT, though profits came in slightly higher than expectations. Even the company missed its guidance for its earnings per share.
The company's net profit was of Rs 2,316 crore for the fourth quarter of FY12, a fall of 2.36% QoQ. Its revenues fell 4.8% QoQ to Rs 8,852 crore. Earnings before interest and tax too dropped 8.7% QoQ to Rs 2,647 crore. EBIT margin dropped at 29.9% in the fourth quarter of FY12 as against 31.17% in the previous quarter. However, the company has made investors happy by giving a special dividend of Rs 10 a share. *Q1 and FY13 guidance* Company expects earnings per share in terms of dollar at USD 3.12-3.17 for FY13, a growth of 4-5.7%. Revenues are expected to grow by 8.10% in FY13 as against expectations of 12-14% For the first quarter of next financial year, earnings per share will be USD 0.73, an increase of 9% YoY In dollar terms, company sees revenue growth of 6-7.1% as against market expectation of 2.5-4% Infosys has touched an intraday high of Rs 2,540 and an intraday low of Rs 2,451.25. At 09:16 hrs the share was quoting at Rs 2,475, down Rs 275.05, or 10%. It was trading with volumes of 89,684 shares. In the previous trading session, the share closed down 1.87% or Rs 52.30 at Rs 2,750.05. CLSA has put Infosys target price between Rs 2,158-2,490 per share. -- CA. Rajesh Desai -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
