New Delhi: Infosys, the country's second largest software services exporter has reported mildly better than expected net profit of Rs 2,316 crore for the fourth quarter of FY12, a fall of 2.36 per cent Quarter-on-Quarter (QoQ). CNBC-TV18 poll of analysts expected it at Rs 2,290 crore.
The company 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
However, revenues fell 4.8 per cent QoQ to Rs 8,852 crore, which was quite lower than CNBC-TV18's expectations of Rs 9,148 crore.
Earnings before interest and tax too dropped 8.7 per cent QoQ to Rs 2,647 crore - that was well below its expectations of Rs 2,750 crore.
EBIT margin dropped at 29.9 per cent in the fourth quarter of FY12 as against 31.17 per cent 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 $ 3.12-3.17 for FY13, a growth of 4-5.7 per cent.
Revenues are expected to grow by 8.10 per cent in FY13 as against expectations of 12-14 per cent.
For the first quarter of next financial year, earnings per share will be $ 0.73, an increase of 9 per cent Year-on-Year (YoY).
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