India’s second largest IT services exporter Infosys Technologies Limited. has announced quarter fourth result as, net profit was reported to be at Rs.1,818 crore, a growth of just 2.15% over Rs.1,779.8 crore same in previous quarter (Q3).
Revenues went up 2% to Rs.7,250 crore as against Rs.7,105.6 crore on Q on Q basis. However these numbers were below the market expectations Dalal street was expecting net profit at Rs.1,857 crore and revenues at Rs.7,446 crore.
EBIT margins declined at 29% in January-March quarter as against 30.2% in previous quarter. Also other income of the company increased nearly 65% at Rs.415 crore from Rs.252 crore (QoQ). Earning per share (EPS) for financial year 2010-11 jumped to Rs 119.41 from Rs 109 of previous year. Net attrition in fourth quarter stood at 3,041 and staff utilization was 75.2%.
Management will be adding 45,000 employees in FY12.