The company announced its results before market hours today, 12 July 2013.
Meanwhile, the S&P BSE Sensex was up 206.07 points, or 1.05%, to 19,882.13.
On BSE, 5,902 shares were traded in the counter as against an average daily volume of 1.43 lakh shares in the past one quarter.
The stock hit a high of Rs 2,779.40 and a low of Rs 2,779.40 so far during the day. The stock had hit a 52-week high of Rs 3,010 on 7 March 2013. The stock had hit a 52-week low of Rs 2,101.65 on 26 July 2012.
The stock had underperformed the market over the past one month till 11 July 2013, rising 2.13% compared with the Sensex's 2.78% rise. The scrip had also underperformed the market in past one quarter, sliding 13.40% as against Sensex's 6.12% rise.
The large-cap IT company has an equity capital of Rs 287.12 crore. Face value per share is Rs 5.
Infosys has retained its guidance of 6% to 10% growth in revenue in dollar terms for the year ending 31 March 2014 (FY 2014). The company has raised the guidance in rupee terms due to a steep depreciation of the rupee against the dollar. The company has forecast 13% to 17% growth in revenue in rupee terms for FY 2014, higher than its earlier guidance of 6% to 10% growth, which the company had given at the time of announcement of Q4 March 2013 results.
Infosys' consolidated net profit declined 0.8% to Rs 2374 crore on 7.8% growth in revenue to Rs 11267 crore in Q1 June 2013 over Q4 March 2013. The results are as per International Financial Reporting Standards (IFRS).
Infosys Chief Financial Officer (CFO) Rajiv Bansal said that the company has announced compensation increases for FY 2014 effective July which will affect the company's profit margins in the future quarters. Infosys CEO and Managing Director S. D. Shibulal said that the management is cautiously optimistic about rest of the year. Despite facing an uncertain macro environment, changing regulatory regime and a volatile currency environment, the company has done well in Q1 June 2013, he said.
Infosys and its subsidiaries added 66 clients in Q1 June 2013. There was a gross addition of 10,138 employees and net addition of 575 employees by Infosys and its subsidiaries in Q1.
Infosys liquid assets including cash and cash equivalents, available-for-sale financial assets, and government bonds were at Rs 24078 crore as on 30 June 2013, higher than Rs 23958 crore as on 31 March 2013.
Infosys is a global leader in business consulting and technology solutions.
Powered by Capital Market - Live News
