Bangalore, Oct 15 (IBNS) Leading IT company Infosys Technologies Limited has reported a growth of 10.2% in the Quarter ended September 30, 2010.
Revenues were $1,496 million for the quarter ended September 30, 2010; QoQ growth was 10.2%; YoY growth was 29.6%.
Net income after tax was $374 million for the quarter ended September 30, 2010; QoQ growth was 14.7%; YoY growth was 18.0%
Earnings per American Depositary Share (ADS) was 0.65 for the quarter ended September 30, 2010; QoQ growth was 14.0%; YoY growth was 16.1%.
The company declared an interim dividend of Rs 10 per ADS and a 30th year special dividend of Rs 30 per ADS (equivalent to an interim dividend of $0.22 and 30th year special dividend of $0.67 per ADS, at the prevailing exchange rate of `44.50 per US$). The record date for the payment of dividend is October 22, 2010.
?There are significant drivers for investment in Information Technology since any transformation program to build tomorrow?s enterprises requires these investments to be made. We are partnering with our clients on these initiatives,? said S. Gopalakrishnan, CEO and Managing Director.
Revenues are expected to be in the range of $1,547 million and $1,562 million in the Quarter ending December 31, 2010; YoY growth of 25.6% to 26.8%.
Earnings per American Depositary Share (EPADS) is expected to be in the range of $0.66 and $0.67; YoY growth of 11.9% to 13.6%.
In the Fiscal year ending March 31, 2011, the company?s revenues are expected to be in the range of $5.95 billion and $6.00 billion; YoY growth of 24.0% to 25.0%.
Earnings per American Depositary Share(EPADS) is expected to be in the range of $2.54 and $2.58;YoY growth of 10.4% to 12.2%.
Exchange rates considered for major global currencies: AUD / USD ? 0.97; GBP / USD ? 1.58; Euro / USD ? 1.36
Excluding the income from the sale of the company’s investment in OnMobile Systems, Inc. of USD 11mn in fiscal 2010, the EPADS growth is expected to be in the range of 11.4% to 13.2%.