Infosys declared its first quarter results showing that there has been a five per cent fall over fourth quarter results of 2008-09.Infosys counts on Goldman Sachs, Philips Electronics, BT Group Plc and Australia's top phone company Telstra Corp among its clients. The Group has posted consolidated net profit after tax & minority interest of Rs 1527 crores for the quarter ended June 30, 2009 as compared to Rs 1302 crores for the quarter ended June 30, 2008.
Profit after tax is the net profit earned by a company after deducting expenses like interest, depreciation and tax.
Infosys rupee EPS guidance has been downgraded to Rs.94.59 to Rs.96 from the previous guidance of Rs.96 to Rs.101. Revenues for the whole year is estimated at Rs.21,452 crores to Rs.22,343 crores.The revenue from the top client BT is down from 5.3% to 4.6%.New client addition for the quarter is 27. All the revenue and EPS guidance are at the presumpotion that dollar stays between Rs.47.91-Rs.50.72 in the exchange rate.The utilisation is at 67% including trainees and at 70.4% ecluding trainees. Company has actually offloaded 945 employees and thus the net additions is in the negative.
