Infosys Reports Q4 EPS $0.81 vs $0.81 Est; Expects Q1 EPS $0.73 vs $0.76 Est; Revs $1.771-1.789B vs $1.87B Est

Infosys

Announces Results for the Quarter and Year Ended March 31, 2012 Q4 revenues declined by 1.9% sequentially; FY12 revenues grew by 15.8% Fiscal 2013 revenues expected to grow by 8.0% to 10.0% Highlights Consolidated results under International Financial Reporting Standards (IFRS) for the quarter ended March 31, 2012 - Revenues were $1,771 million for the quarter ended March 31, 2012; QoQ decline was 1.9%; YoY growth was 10.5% - Net income after tax was $463 million for the quarter ended March 31, 2012; QoQ growth was 1.1%; YoY growth was 15.2% - Earnings per American Depositary Share (EPADS) was $0.81 for the quarter ended March 31, 2012; QoQ growth was 1.3%; YoY growth was 15.7% - 52 clients were added during the quarter by Infosys and its subsidiaries - Gross addition of 10,676 employees (net addition of 4,906) for the quarter by Infosys and its subsidiaries - 149,994 employees as on March 31, 2012 for Infosys and its subsidiaries - The Board of Directors recommended a final dividend of `22 per ADS for fiscal 2012 and a special dividend of `10per ADS on account of completion of 10 years of Infosys BPO operations (equivalent to final dividend of approximately $0.43 per ADS and special dividend of 10 years of Infosys BPO operations of $0.20 per ADS at the prevailing exchange of `50.88per US$). The Register and Share Transfer Books of the Company will be closed from May 26, 2012 to June 9, 2012 (both days inclusive) "The year ahead looks challenging for the IT services industry, with slow recovery in the global markets," said S. D. Shibulal, CEO and Managing Director. "We are executing on our Infosys 3.0strategy which is meant to deliver high quality growth in the medium to long term. We are making investments and have put in place a structure to deliver on this strategy." Business outlook The company's outlook (consolidated) for the quarter ending June 30, 2012 and for the fiscal year ending March 31, 2013, under IFRS is as follows: Outlook under IFRS - consolidated* Quarter ending June 30, 2012 - Revenues are expected to be in the range of $1,771 million and $1,789 million; YoY growth of 6.0% to 7.1% - Earnings per American Depositary Share (EPADS) is expected to be $0.73; YoY growth of 9.0% Fiscal year ending March 31, 2013 - Revenues are expected to be in the range of $7,553 million and $7,692 million; YoY growth of 8.0% to 10.0% - Earnings per American Depositary Share (EPADS) is expected to be in the range of $3.12 to $3.17; YoY growth of 4.0% to 5.7%