MEDIA RELEASE PR42012
Infinite Q2 FY 11 Revenue Grows 38% YoY in USD Terms; PAT up by 57%
BANGALORE, India, Nov. 2 /PRNewswire-AsiaNet/ --
Infinite Computer Solutions (India) Limited (BSE: 533154, NSE:
INFINITE), a global provider of IT Services, Infrastructure Management
Services (IMS) and Intellectual Property Leveraged Solutions, today announced
its results for the second quarter of the Fiscal 2010-11.
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Consolidated results for the quarter ending September 30, 2010
- Revenue - INR 219.4 crore; (USD 47.2 Million*) YoY growth of 38.4% in
USD terms
- PAT - INR 25.56 crore; (USD 5.50 Million); YoY growth of 57.0% in USD
terms
- EPS for the quarter - INR 5.81
Q2 FY 11 Highlights (for the quarter ended September 30, 2010)
Revenue of INR 219.4 Cr. (USD 47.2 Million)
- Y-o-Y Growth in INR terms up 32.9% and in USD terms it stood at 38.4%;
- Q-o-Q Growth (sequential) is 13.3% in INR terms and 11.2% in USD terms
Operating margin of INR 36.4 Cr. (USD 7.83 Million)
- Y-o-Y growth in INR terms up 24.3% and in USD terms at 28.3%
- Q-o-Q growth 14.4% in INR terms and 12.4% in USD terms
Net profit after tax was INR 25.6 Cr. (USD 5.50 Million)
- Y-o-Y Growth in INR terms was 53.0% and in USD terms it stood at 57.0%;
- Q-o-Q Growth stood at 5.0% in INR terms and in USD terms the growth was
3.1%
Earnings per Share was INR 5.81
- Q-o-Q growth up by 4.87%; while Y-o-Y growth was 32.9%
The Board of Directors has approved an Interim Dividend of 20% and a
special dividend of 10%.
Business Outlook
Added 3 key clients during the quarter in telecom and utilities division
- Our top client contributed 33.1% of our revenue. Top 10 clients
contributed 92.3%.
- We have 47 active clients. Out of which on an LTM basis, we have 13 USD
1Mn+ clients, of which three are clients with USD 20Mn+ revenue; six
clients with USD 5Mn+ revenue
Others
- The global headcount increased to 4178 employees
- Net addition of 435 employees / contractors
- Global Attrition rate stood at 8.08% while India attrition was at
7.84%
- Telecom vertical contributed 61% of the total revenue.
Healthcare contribution up to 18.63% and Manufacturing up to 6.34%;
R&D/IP Leveraged revenue up to 21.6% against 18.9% in Q1; RIM
revenue up to 8.9% against 8.2% in Q1. Offshore revenue up to 29.1%
from 27.8% in Q1
Anjali Awasthi
Head - Corporate Communications
Infinite
anjali.awasthi@infinite.com
+91-9818231938 / +91-80-4193-0000
SOURCE: Infinite Computer Solutions (India) Ltd.
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