Infy Disappoints; Stock Down 16%
DSIJ Intelligence / 12 Apr 2013
Revenues for Infosys sequentially increased by a lethargic 1.41% to USD 1938 million. The operating margin took a massive hit as it reduced QoQ by 6.92% to USD 457 million. Its net profit margin saw some improvement as the net profit grew by 2.30% to USD 444 million.
Overall, the result has been below estimates and also unimpressive as compared to its performance in Q3FY13. The outlook Infosys has given for the next year too has disappointed the street. The company guided for a 6-10% revenue growth, which is also lower than NASSCOM's forecast. At the same time, Infosys has not provided for full year EPS guidance.
Shares of Infosys are currently trading lower by more than 15% and are expected to remain at low levels due to a disappointing set of numbers. For a detailed analysis on the result of Infosys, keep watching this space.
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