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Paramita Bannerjee
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Paramita Bannerjee was born and raised in Kolkata, India. Having graduated from the ICSI, she was all set for a career in corporate governance but got drifted to finance and investments. She ventured into the world of stocks while in her internship with an accounting firm and has been addicted... More
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  • Infosys' Q4 Revenues Down 5% At Rs 8852 Crores

    India's second largest software services provider Infosys reported a 27% year-on-year growth in net profit for the fourth quarter, but forecast much lower-than-expected US dollar revenue growth for FY13, warning the year remained challenging due to slower growth in the global economy.

    It reported a net profit of Rs 2,316 crore for the January-March quarter, up 27.4% year-on-year, but down 2.4% sequentially. Revenue for the three-month period was up 22.1% from a year ago at Rs 8,852 crore. Revenue quarter-on-quarter was down 4.8% in Jan-March, which is typically a muted quarter for IT exporters.

    Infosys' fourth quarter EBIT margin was at 29.9%, down from 31.2% from the third quarter.

    Infosys expects a revenue growth of 8-10% to USD 7,553-7,692 million for the current fiscal year. Its earnings per American depository share are likely to grow 4-5.7% year-on-year to USD 3.12-3.17 for the full year.

    Infosys

    Apr 24 3:03 AM | Link | Comment!
  • Infosys Sees FY13 Revenue Up 8-10%

    Infosys Ltd, India's second-largest software services exporter, expects revenue to rise 8 to 10 percent in the fiscal year ending March 2013 to $7.6 to $7.7 billion, the company said on Friday.

    Bangalore-based Infosys said that the year ahead looks challenging for the IT services industry, adding that volatility in the global currency market continues to be a challenge.

    Infosys said consolidated net profit for the fiscal fourth quarter ended March 31 rose to 23.16 billion rupees from 18.18 billion rupees a year earlier, in line with forecasts.

    Infosys

    Apr 24 2:57 AM | Link | Comment!
  • Infosys Q4 Profit Rises 27.4%, Meets Forecast

    Infosys Ltd, India's second-largest software services exporter, reported a 27.4 percent rise in quarterly net profit, meeting forecast, after customers ramped up orders to cut operational costs.

    Bangalore-based Infosys said on Friday consolidated net profit for the fiscal fourth quarter ended March 31 rose to 23.16 billion rupees from 18.18 billion rupees a year earlier.

    Infosys and its bigger rival Tata Consultancy Services Ltd , part of India's $100 billion information technology and back-office services outsourcing sector, have benefited from cost-conscious customers bumping up demand.

    An uncertain global economy and rising U.S. rhetoric against shipping of jobs to low-cost locations ahead of the November presidential election are, however, concerns for the sector that gets half its revenue from the world's largest economy.

    Tata Consultancy, Infosys and No. 3 exporter Wipro are also facing increased competition from bigger global rivals such as IBM and Accenture

    Infosys

    Apr 24 2:49 AM | Link | Comment!
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