Era of Growth comes to an End at Infosys – Disappointing Results
Infosys Technologies Ltd , India’s leading Software Labor Arbitrage company announced the Audited Consolidated results for the quarter & year ended March 31, 2010 – The Group has posted a net profit after tax & minority interest of Rs 16170 million for the quarter ended March 31, 2010 as compared to Rs 16130 million for the quarter ended March 31, 2009. Total Income has increased from Rs 58870 million for the quarter ended March 31, 2009 to Rs 61420 million for the quarter ended March 31, 2010.
Net Profit for the FY 10 stood at Rs 62660 mn against Rs 59880 mn, while Total Income has increased from Rs 221680 million for the year ended March 31, 2009 to Rs 236760 million for the year ended March 31, 2010 thus bringing to halt an era of growth. With rising Indian Inflation, Property Prices [Read Input Costs] and Falling USD, the quarters ahead for the company are extremely challenging.
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[...] 13, 2010 Infosys Technologies has put a dismal performance for the FY 2009-2010. Pricing declined ~70 bps (constant currency). EBITDA margin declined ~150bps (our exp: ~90bps [...]