Infosys Q4 2013 Results Highlights | Q4 2013 Infosys Results | Infosys Announces Record Results For Fourth Quarter 2013 | Infosys Q4 2013 Results

Infosys Q4 2013 Results Highlights | Q4 2013 Infosys Results | Infosys Announces Record Results For Fourth Quarter 2013 | Infosys Q4 2013 Results

Beating estimates marginally, Infosys on Friday reported a jump of 3.3 per cent in its consolidated net profit to Rs 2,394 crore for the fourth quarter ended March 31, 2013.The company in its filing at the Bombay Stock Exchange (BSE) said for the reported quarter itsrevenue was up by 18.09 per cent to Rs 10,454 crore from Rs 8,852 crore in the year-ago period.

For the full year 2013-14, Infosys revenues were Rs. 50,133 crore for the year ended March 31, 2014, a growth of 24.2 per cent from the previous year. This is the first time the IT major crossed the Rs.50,000 crore in full-year revenue.

For the full year, the net profit grew 13 per cent to Rs. 10,648 crore for the year ended March 31, 2014."Global economic uncertainties remain challenging for the IT industry," Infosys CEO and Managing Director S D Shibulal said, adding "We are making all the investments necessary to differentiate ourselves in the market place while positioning ourselves as a partner of choice for our clients."

In February this year, software industry body Nasscom said information technology and IT-enabled services sectors are expected to grow 12-14 per cent in 2013-14 fiscal.CEO and Managing Director S. D. Shibulal said, "I am pleased that we have been able to double our growth rate for the full year compared to last year, though performance in the last quarter of FY 14 has been disappointing." Infosys said its attrition rate jumped to 18.7 per cent in Q4 vs 18.1 per cent in the third quarter. It declared final dividend of Rs. 43/share for FY14.

The company had posted a net profit of Rs 2,316 crore for the January-March quarter of the previous fiscal (2011-12). The Bangalore-based firm's consolidated net profit for the 2012-13 fiscal rose by 13.3 to Rs 9,421 crore against Rs 8,316 crore in the previous financial year.

"The global currency market continues to be volatile reflecting the uncertain economic environment. Our hedging strategy helps us to minimise the volatility impact. We have a healthy balance sheet with our cash and cash equivalents at USD 4.4 billion," Infosys Chief Financial Officer Rajiv Bansal said. During the quarter, Infosys added 8,990 (gross) and 1,059 (net) employees taking the total headcount to 1,56,688.