Consolidated results for the quarter ended March 31, 2007
- Fourth quarter revenues at $ 863 million, up by 45.5% from the corresponding quarter last fiscal
- Earnings per American Depository Share( ADS)* increased to $ 0.46 from $ 0.28 in the corresponding quarter last fiscal; YoY growth of 64.3%
- 34 new clients were added during the quarter by Infosys and its subsidiaries
- Gross addition of 5,992 employees (net 2,809) for the quarter by Infosys and its subsidiaries
- 72,241 employees as on March 31, 2007 for Infosys and its subsidiaries
*The tax provision for quarter ended March 31, 2007 and fiscal 2007 includes a tax reversal of $ 29 million. Excluding this the earnings per share for the quarter and year ended March 31, 2007 would have been $ 0.41 and $ 1.48 resulting in a YOY growth of 46% and 45% respectively.
Senior management changes (effective June 22, 2007)
- Mr. Nandan M. Nilekani becomes the Co-Chairman of the Board
- Mr. S. Gopalakrishnan assumes the role of Chief Executive Officer and Managing Director
- Mr. S. D. Shibulal assumes the role of Chief Operating Officer of the company
Outlook for the quarter ending June 30, 2007 and fiscal 2008
Quarter ending June 30, 2007
- Consolidated revenues are expected to be between $ 904 million and $ 908 million; YoY growth of 37.0% - 37.6%
- Consolidated earnings per ADS expected to be $ 0.41; YoY growth of 28.2%
Fiscal year ending March 31, 2008
- Consolidated revenues are expected to be in the range of $ 3,953 million and $ 4,016 million; YoY growth of 28.0% - 30.0%
- Consolidated earnings per ADS** expected to be between $ 1.86 and $ 1.89; YoY growth of 25.7% - 27.7%
** Excluding tax reversal of $ 29 million in fiscal 2007
"Our revenues grew by around US$ 1 billion this year," said Nandan M. Nilekani, CEO and Managing Director. "The global IT services industry continues to show strong growth with exciting opportunities and Infosys is well positioned to take advantage of this."
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