Infosys logs 4.5% revenue growth, profit dips 1.3%

IT services provider Infosys today said it posted 4.5 percent growth to $2,256 million, while net profit fell 1.3 percent to $ 476 million for the quarter ended June 30, 2015.

The Bangalore-based IT company bagged six large deals signed with TCV of $688 million. Infosys added 79 clients during the first quarter of fiscal 2016.

Q1 2016 Geographical segment growth sequentially
North America grew 5.1%
Europe grew 1.2%
India declined 6.2%
Rest of the world grew 9.7%

Quarterly annualized attrition for Infosys fell to 14.2 percent from 23.4 percent in Q1 2015. The number of employees increased to 1,79,523 from 1,76,187.

“I am very pleased with our performance in the first quarter. Our efforts in redesigning our clients’ experience and our widespread adoption of innovation, both in grassroots and breakthroughs, are starting to bear fruit in large deal wins and in the growth of large clients,” said Vishal Sikka, CEO and MD of Infosys.
Infosys CEO Vishal Sikka
Infosys said it is expected to clock 7.2-9.2 percent increase in revenues in USD terms for the fiscal year ending March 31, 2016.

Infosys said 63.2 percent revenue came from North America in Q1 fiscal 2016 against 62.8 percent in Q4 fiscal 2015, 22.4 percent (23.1 percent) from Europe, 2.2 percent (2.5 percent) from India and 12.2 percent (11.6 percent) from rest of the world.
Infosys revenue Q1 fiscal 2016

The company said 33.1 percent (33.6 percent) revenue was contributed by Banking & Financial Services, Insurance, 24 percent (23.8 percent) by Manufacturing, 24.1 percent (23.8 percent) from Retail & Life Sciences, 18.8 percent (19.1 percent) by Energy, Utilities, Communications & Services. Telecom chipped 8.4 percent contribution against 8.3 percent in the previous quarter.

Baburajan K
[email protected]