Infosys Limited (INFY) Reports In-Line Q3 EPS, Revenues

Infosys Limited (NYSE: INFY) reported Q3 EPS of $0.13, in-line with the analyst estimate of $0.13. Revenue for the quarter came in at $2.92 billion versus the consensus estimate of $2.92 billion.

• Revenues were $2,921 million, growth of 7.1% YoY and 3.2% QoQ
• Net profit was $581 million, growth of 0.5% YoY and 8.8% QoQ
• Basic EPS was $0.13, growth of 5.7% YoY and 8.8% QoQ

"We are delighted with our broad-based growth across all business segments and geographies during the quarter. This is a testimony to our strong client relationships, digital led full service capabilities, and intense focus on the needs of our clients," said Salil Parekh, CEO and MD. "Large deal wins at over $2 billion during the quarter demonstrate our increased client relevance and also give us better growth visibility for the near-term."

• $2 Bn+ Large deal signings in Q2 19
• 4.2% Q2 19 QoQ revenue growth in CC terms
• 31.0% Digital revenue share in Q2 19
• 7.1% H1 19 YoY revenue growth in CC terms
• 23.7% Operating margin in Q2 19
• Q2 19 revenues grew year-on-year by 7.1% in USD terms; 8.1% in constant currency terms
• Q2 19 revenues grew sequentially by 3.2% in USD terms; 4.2% in constant currency terms
• Digital revenues at $905 million (31.0% of total revenues), year-on-year growth of 33.5% and sequential growth of 13.5% in constant currency terms
• H1 revenues grew by 6.9% in USD terms; 7.1% in constant currency terms
• Operating margin 23.7%, at higher end of guidance range
• Q2 19 Basic EPS grew year-on-year by 5.7% in USD terms
• Large deal wins crossed $2 billion
• Declared interim dividend of ₹7 per share (approximately $0.10 per ADS*)
• FY 19 revenue guidance in constant currency retained at 6%-8%; Operating margin guidance retained at 22%-24%

*USD/INR exchange rate as of September 30, 2018

For earnings history and earnings-related data on Infosys Limited (INFY) click here.

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