Infosys Announces Results for the Quarter Ended December 31, 2017

- January 12th, 2018

Infosys (NYSE:INFY) has announced its results for the quarter ended December 31, 2017, highlighting a year-on-year revenue growth of 8 percent for the quarter and 24.3 percent operating margin. As quoted in the press release: 1. Highlights of financial results for the quarter and nine months ended December 31, 2017 (Logo: http://mma.prnewswire.com/media/610722/Infosys_Logo.jpg) Q3 revenues grew year-on-year by … Continued

Infosys (NYSE:INFY) has announced its results for the quarter ended December 31, 2017, highlighting a year-on-year revenue growth of 8 percent for the quarter and 24.3 percent operating margin.
As quoted in the press release:

1. Highlights of financial results for the quarter and nine months ended December 31, 2017
(Logo: http://mma.prnewswire.com/media/610722/Infosys_Logo.jpg)

  • Q3 revenues grew year-on-year by 8.0% in USD terms; 5.8% in constant currency terms
  • Q3 revenues grew sequentially by 1.0% in USD terms; 0.8 % in constant currency terms
  • Q3 operating margin improved to 24.3% from 24.2% in Q2 18
  • Q3 EPS at $ 0.35, year-on-year growth of 46.1% and sequential growth of 38.2%
  • Q3 EPS of $ 0.35 includes positive impact of $ 0.10 from Advance Pricing Agreement (APA) with the US IRS
  • 9 months year-on-year revenue growth at 6.5% in USD terms; 5.6% in constant currency terms
  • Q3 cash flow from operating activities were at $ 657 mn, compared to $ 441 mn in Q2 18
  • Utilization excluding trainees at all-time high of 84.9%
  • Q3 standalone attrition declined to 15.8% from 17.2% in Q2 18
  • FY 18 revenue guidance in constant currency retained at 5.5%-6.5%
  • FY 18 operating margin range unchanged at 23%-25%

Financial Highlights
Consolidated results under International Financial Reporting Standards (IFRS) for the quarter ended December 31, 2017

  • Revenues were $ 2,755 million for the quarter ended December 31, 2017
  • Operating profit was $ 669 million for the quarter ended December 31, 2017
    QoQ growth of 1.4%; YoY growth of 4.5%
  • Net profit was $ 796 million for the quarter ended December 31, 2017
    QoQ growth of 37.6%; YoY growth of 45.4%
  • Basic EPS at $ 0.35 for the quarter ended December 31, 2017

During the quarter, on account of the conclusion of an APA with the US IRS, net profit has increased which has led to an increase in Basic EPS by $ 0.10 for the quarter
Consolidated results under International Financial Reporting Standards (IFRS) for the nine months ended December 31, 2017

  • Revenues were $ 8,134 million for the nine months ended December 31, 2017
    YoY growth of 6.5% in reported terms; 5.6% in constant currency terms
  • Operating profit was $ 1,966 million for the nine months ended December 31, 2017
    YoY growth of 4.3%
  • Net profit was $ 1,915 million for the nine months ended December 31, 2017
    YoY growth of 19.9%

Click here to read the full press release.

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