Infosys Technologies - Business Outlook
Infosys Technologies Ltd has announced the following Business Outlook:
The Company’s outlook (consolidated) for the quarter ending June 30, 2008 and the fiscal year ending March 31, 2009, under Indian GAAP and US GAAP, is as follows:
Outlook under Indian GAAP ? consolidated
Quarter ending June 30, 2008**
- Income is expected to be in the range of Rs 45700 million and Rs 45820 million; YoY growth of 21.1% ? 21.4%
- Earnings per share*** before exceptional item are expected to be Rs 20.73; YoY growth of 15.2%
Fiscal year ending March 31, 2009**
Income is expected to be in the range of Rs 198940 million and Rs 202140 million; YoY growth of 19.2% ? 21.1%
Earnings per share*** before exceptional item are expected to be Rs 92.32 and Rs 93.92; YoY growth of 16.3% - 18.3%
** Conversion 1 US$ = Rs 40.02
*** Excluding tax reversal of Rs 200 million and Rs 1210 million in quarter and year ended March 31, 2008 respectively
Outlook under US GAAP
Quarter ending June 30, 2008
Consolidated revenues are expected to be in the range of US$ 1142 million & US$ 1,145 million; YoY growth of 23.1% - 23.4%
Consolidated earnings per American Depositary Share*** are expected to be US$ 0.52; YoY growth of 18.2%
Fiscal year ending March 31, 2009
Consolidated revenues are expected to be in the range of US$ 4.97 billion and US$ 5.05 billion; YoY growth of 19.0% - 21.0%
Consolidated earnings per American Depositary Share*** are expected to be between US$ 2.31 and US$ 2.35; YoY growth of 16.7% - 18.7%
** Excluding the tax reversal of US$ 5 million and US$ 30 million in the quarter and year ended March 31, 2008 respectively
“The pricing environment remained stable during the quarter,” said S D Shibulal, Chief Operating Officer. “We continue to see greater growth opportunities in Europe. Our current utilization level provides us enough flexibility to grow faster.”
Tags: Infosys Technologies