Infosys Q1FY19 result disappoints, 1:1 bonus announced

Nidhi Jani
/ Categories: Trending, Quarterly Results

Infosys reported its results for the quarter ended June 30, 2018.

The consolidated revenue for the quarter came in at Rs. 19,128 crore, registering 12 per cent yoy increase and 5.8 per cent qoq growth. In constant currency terms, the revenue for the quarter grew by 6 per cent on yoy basis and 2.3 per cent on qoq basis.

In dollar terms, the revenue for the quarter grew by 6.8 per cent on yoy basis and 0.9 per cent on qoq basis.

During the quarter, the digital revenue stood at US$803 million (28.4 per cent of total revenues), a sequential growth of 8.0 per cent and year-on-year growth of 25.6 per cent in constant currency terms.

The EBIDTA for the quarter came in at Rs. 4,703 crore, registering 3.1 per cent yoy growth, but declined by 2.3 per cent on sequential basis.

The PAT for the quarter came in at Rs. 3,612 crore, yoy increase of 3.7 per cent but declined marginally by 2.1 per cent on a sequential basis.

During the quarter, $100mn clients increased from 4 to 24, sequentially.

The revenue guidance for FY19 in constant currency was retained at 6 to 8 per cent and FY19 operating margin guidance was retained at 22 to 24 per cent.

The board of directors have recommended a bonus issue of 1:1, subject to shareholder’s approval.

Ahead of the earnings release, the stock was trading in the green and made an intraday high of Rs. 1,331.35 per share and finally closed at Rs. 1,309.10, on the BSE.


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