As was widely expected, with the stock too hitting new highs, the company posted very good numbers for Q1Fy14. It posted a 21% (YoY) and 10% (QoQ) rise in revenue at Rs.17,787 crore. Net profit was much better than all street estimates, at Rs.3831 crore, up 16% (YoY) and 6% (QoQ). Another very gratifying aspect was that dollar revenue rose 4.1% (YoY) at US$3.7 billion. This was much more than Infosys dollar revenue for Q1FY14, which came in at US$1.99 billion, in fact the gap between the two has only seemed to have gone up.

EBIT margin was at 26.6% v/s 26.5% which is higher than most estimates and this is despite the salary hikes.  Other income was at Rs.258 crore v/s Rs.442 crore (QoQ) and this includes forex loss of Rs.104 crore. The company’s volume in IT services grew 6.1% , its highest volume growth for the company in past seven quarters.  Employee utilization rate, excluding trainees was at 82.7%. It added two new US$ 100 million clients during the quarter. Gross employee additions were 10,611. The company does not give guidance but it expects to better Nasscom's growth estimates of 12-14%.