Infosys

Infosys posted a much-better-than-expected set of numbers for Q4Fy16 and topped it up with a much upbeat guidance.  It posted a revenue of Rs. 16,550 crore for the quarter ended March 31, 2016, QoQ growth was 4.1%.  Operating profit was at Rs. 4,220 crore, up 7% and margins were up 60 bps at 25.5% while net profit was at Rs.3597 crore, up 4%.

What was heartening was the guidance (consolidated) for the fiscal year ending March 31, 2017 wherein it expects revenue to grow 11.5%-13.5% in constant currency and 12.7%-14.7% in INR terms.

The company’s attrition rate during the quarter fell from 18.1% to 17.3% and utilization rate excluding trainees was at 80.1% v/s 80.6%. Active clients during the quarter rose to 1,092 from 1,045 in preceding quarter and there was a gross addition of 89 new customers in Q4.

In terms of geographical growth, North America was almost stagnant, showing a growth of just 0.5% (QoQ) while Europe grew 2.4% and India was the best at 9.1%. RoW grew 4%.

In terms of verticals, BFSI showed a fall of 0.3%, Manufacturing and hi-tech business grew 1%; Retail, CPG, logistics and life sciences grew 2.4% and energy, utilities, communications & services grew by 4.6%.

The company ended FY16 with a 17% growth in revenue at Rs.62,441 crore and net profit rose 9% to Rs.13,491 crore.  Total employee count at end of FY16 stood at 1,94,044 v/s  1,76,187 in FY15.

Liquid assets including cash and cash equivalents, available-for-sale financial assets and government bonds were Rs. 34,468 crore as on March 31, 2016 as compared to Rs.31,526 crore as on December 31,

2015 and Rs.32,585 crore as on March 31, 2015.