Dr. Vishal Sikka, CEO and MD, Infosys said, “While we are still early in our journey to become the leading next-generation services company, this gives us good momentum for the rest of the year.”
The company has posted a net profit of Rs. 30,300 million for the quarter ended June 30, 2015 as compared to Rs. 28,860 million for the quarter ended June 30, 2014. Total Income has increased from Rs. 1,35,990 million for the quarter ended June 30, 2014 to Rs. 1,51,120 million for the quarter ended June 30, 2015.
Outlook
The Company’s outlook (consolidated) for the fiscal year ending March 31, 2016, under IFRS is as follows:
- Revenues are expected to grow 10%-12% in constant currency;
- Revenues are expected to grow 11.5%-13.5% in INR terms
“I am very pleased with our performance in the first quarter. Our efforts in redesigning our clients’ experience and our widespread adoption of innovation, both in grassroots and breakthroughs, are starting to bear fruit in large deal wins and in the growth of large clients”, said Dr. Vishal Sikka, CEO and MD. “While we are still early in our journey to become the leading next-generation services company, this gives us good momentum for the rest of the year.”
“The organization realignment made earlier this year for deeper client and operational focus has resulted in strong volume growth”, said Mr. U. B. Pravin Rao, COO. “We continued the roll out of employee engagement initiatives around collaboration and simplification of internal processes in order to retain the industry’s best talent.”
“We are operating within our stated margin band, balancing strategic investments and client focus with operational efficiencies”, said Rajiv Bansal, CFO. “Pricing environment is competitive which we are addressing through automation and improvement in productivity.”
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