Feeds

Infosys reports red-hot Q4 results

Expects $2bn in revs in FY2006

  • alert
  • submit to reddit

Choosing a cloud hosting partner with confidence

Infosys, the Indian software firm, has reported net income of $127m for the quarter ending 31 March, up from $77m in the same period last year. Revenues for Q4 jumped 50.2 per cent to $455m, against $303m a year ago.

Full year performance was also strong, with revenues for FY05 topping $1.5bn, up over $500m on the year before. Net income for the year was $419m, up from $270m in the 2004 fiscal year.

The company said its performance was driven by strong demand for outsourcing - it signed deals with 37 new clients in the quarter - and exceptional revenues from an asset sale.

Looking ahead, Infosys' chief executive Nandan Nilekani said he expected revenues for 2006 would top $2bn. "We are beginning to see the results of various initiatives taken over the last few years," he said in a statement.

The company warned that growth could slow in the the first quarter of FY06 because of various regulatory issues. It predicted growth of between 37 and 38.2 per cent, translating to revenues of between $458m and $463m for the quarter.

Last month, Infosys' Indian offices were evacuated following a bomb scare. No explosives were found.

You can read more about the results here

Related stories

Bomb scare targets Indian software firms
Shell's IT department off to India
IT contracting: don't get carried away

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Special pleading against mass surveillance won't help anyone
Protecting journalists alone won't protect their sources
Big Content Australia just blew a big hole in its credibility
AHEDA's research on average content prices did not expose methodology, so appears less than rigourous
Vodafone to buy 140 Phones 4u stores from stricken retailer
887 jobs 'preserved' in the process, says administrator PwC
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.