Infosys projects $5-billion revenue in fiscal 2009; reports fiscal 2008 revenue growth of 20 per cent

15 April 2008

Announcing its Q4 and financial year 2008 results, Infosys Technologies has reported a year on year growth of 20.4 per cent to Rs4,542 crore for its quarter ended 31 March and a net profit after tax of Rs1,249 crore registering a YoY growth of 9.2 per cent.

The net profit for the quarter and year ended 31 March 2008 includes a reversal of tax provisions amounting to Rs20 crore and Rs121 crore respectively (Rs125 crore for the quarter and year ended 31 March 2007).

Infosys says excluding this reversal, the earnings per share for the quarter and year ended 31 March 2008 would have been Rs21.47 and Rs79.39 resulting in a YoY growth of 18.6 per cent and 18.7 per cent respectively.

Earnings per share increased to Rs21.83 from Rs20.30 for the corresponding quarter in the previous year; YoY growth was 7.5 per cent

Its operating margin stood at 32.54 per cent versus 32.60 per cent while projection was at 32.8 per cent. Other income was at Rs139 crore and tax provision reported at Rs 211 crore. BFSI contributed 33.9 per cent to Q4 revenues as against 36.8 per cent in Q3.

The company has added a new $300-million client in Q4  among the 40 clients during the quarter. Net addition of employees stood at 5947.