Infosys (up 3.95%), Hexaware Technologies (up 0.9%), TCS (up 2.4%), Wipro (up 1.08%), Mahindra Satyam (up 0.08%), Tech Mahindra (up 0.14%), HCL Technologies (up 0.71%), Oracle Financial Services Software (up 0.38%) and MphasiS (up 0.53%), edged higher.
The BSE IT index was up 2.68% at 6,419.61 and was the top gainer among the sectoral indices on the BSE. It outperformed the BSE Sensex, which was up 0.83% at 19,827.33.
The BSE IT index outperformed the market over the past one month till 11 January 2013, rising 12.56% compared with the Sensex's 1.43% rise. The index also outperformed the market in past one quarter, rising 6.31% as against Sensex's 4.57% surge.
Infosys's consolidated net profit as per International Financial Reporting Standards (IFRS) remained unchanged on sequential basis at Rs 2369 crore in Q3 December 2012. Revenue rose 5.7% to Rs 10424 crore in Q3 December 2012 over Q2 September 2012. Revenues excluding Lodestone rose 3.6% to Rs 10210 crore in Q3 December 2012 over Q2 September 2012. Infosys completed the acquisition of Lodestone Holding AG, a leading management consultancy based in Switzerland, in Q3 December 2012. The result was announced before trading hours on Friday, 11 January 2013.
Due to addition of revenue from Lodestone, Infosys has raised revenue guidance for the year ending 31 March 2013 (FY 2013). With expected revenue of $104 million from Lodestone for FY 2013, Infosys has forecast total revenue at $7.45 billion for the company for FY 2013. At the time of announcement of Q2 September 2012 results on 12 October 2012, Infosys had forecast revenue of $7.343 billion for FY 2013 when Lodestone acquisition was yet to be completed. The company has retained guidance for earnings per American depository receipt (EPADS) for FY 2013 at a minimum $2.97.
In rupee terms, Infosys now expects revenue of Rs 40746 crore for FY 2013 which includes projected revenue of Rs 568 crore from Lodestone. At the time of announcement of Q2 September 2012 results on 12 October 2012, Infosys had forecast revenue of Rs 39582 for FY 2013 when Lodestone acquisition was yet to be completed. The company has raised the guidance for earnings per share for FY 2013 to Rs 162.80 from its October guidance of EPS of Rs 160.61.
India's largest software services exporter by revenues TCS announces its Q3 December 2012 results today, 14 January 2013.
Powered by Capital Market - Live News
