Infosys Technologies - Business Outlook
Infosys Technologies Ltd has announced the following Business Outlook:
The Company’s outlook (consolidated) for the quarter ending September 30, 2008 and for the fiscal year ending March 31, 2009, under Indian GAAP, is as follow:
Outlook under Indian GAAP - consolidated
Quarter ending September 30, 2008**
- Income is expected to be in the range of Rs 5,229 crore and Rs 5,272 crore: YoY growth of 27.4% - 28.4%
- Earnings per share is expected to be in the range of Rs 23.52 and Rs 23.95; YoY growth of 22.1% - 24.4%
Fiscal year ending March 31, 2009**
- Income is expected to be in the range of Rs 21,278 crore and Rs 21,622 crore; YoY growth of 27.5% - 29.5%
Earnings per share*** are expected to be between Rs 99.34 and Rs 101.06; YoY growth of 21.9% - 24.0%
** Conversion 1 US$ = Rs 43.04
*** Including tax reversal of Rs 31 crore in fiscal 2009 and Rs 121 crore in fiscal 2008 respectively. Excluding the tax reversal the earnings per share are expected to be between Rs 98.79 and Rs 100.51 for the year ending March 31, 2009; YoY growth of 24.4% - 26.6%.
Outlook under US GAAP
Quarter ending September 30, 2008
- consolidated revenues are expected to be in the range of $ 1215 million and $ 1225 million; YoY growth of 18.9% - 19.9%
- Consolidated earnings per American Depositary share are expected to be in the range of $ 0.55 and $ 0.56; YoY growth of 14.6% - 16.7%
Fiscal year ending March 31, 2009
- Consolidated revenues are expected to be in the range of $ 4.97 billion and $ 5.05 billion; YoY growth of 19.0% - 21.0%
- Consolidated earnings per American Depositary Share**** are expected to be between $ 2.32 and $ 2.36; YoY growth of 14.3% - 16.3%
**** Including tax reversal of $ 7 million in fiscal 2009 and $ 30 million in fiscal 2008 respectively. Excluding the tax reversal, the earnings per share are expected to be between $ 2.31 and $ 2.35 for the year ending March 31, 2009; YoY growth of 16.7% - 18.7%
Tags: Infosys Technologies