Infosys results for the Fourth quarter: 2008, March 31st

Post by: kartik on April 15th, 2008 | File Under Business Talk

Today, Infosys released its fourth quarterly results. The salient features of this release are:

  • Revenues are expected to grow by 19% - 21%; expected to reach $ 5 billion in the fiscal 2009
  • There was a net growth of 20% in the fiscal 2008
  • Income was Rs 4,542 crore for the quarter ended March 31, 2008
  • Net profit was reported at Rupees 1,249 crores after tax for quarter ended March 31, 2008
  • Earnings per share increased to Rs. 21.83 from Rs. 20.30 for the corresponding quarter, the previous year. YoY growth was 7.5%
  • Income was Rs. 16,692 crore for the year ended March 31st, 2008. YoY growth was 20%
  • Earnings per share increased to Rs. 81.53 from Rs. 69.11 for the corresponding quarter, the previous year. YoY growth was 18%


Other related information:

1. 40 new clients were added during the last quarter by Infosys and its subsidiaries.

2. There was an addition of 5,947 employees during the last quarter and 33,177 employees for the year by Infosys and its subsidiaries.

Looking ahead, these are the concerns and targets that INFOSYS has set for the coming year:

  • They are looking to reduce onsite business by 1% every year.
  • Revenue growth slowing down is a major concern
  • Growth in BFSI is slowing but there are no cancellations.
  • 76/100 clients are poised at maintaining or cutting their budgets.
  • INFOSYS is planning to give a hike of 11-13% pay to employees in India and a pay hike of 4-5% to overseas employees.
  • They are presently competing for 15 large contracts.
  • They are expecting the rupee to slow down only marginally in the year 2008-2009. Slow down in revenue growth is a much bigger concern than the fluctuating Rupee.

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The spark for your idea

Post by: Akash Xavier on March 9th, 2008 | File Under Entrepreneurship, Indian Entrepreneurs, Investors and VCs, Resources, Startups

Seed funding/initial investment is what I mean by spark.

There are ideas that don’t need too much of funding, but most require the cash to scale their startup.

Here are the results of my search for my venture. Maybe these links/contacts might help you someday when you want to bootstrap an idea.

SeedFunding and Mentoring Companies

The companies below will fund you upto $15000 in return for 2-8% stake in your company. They will provide you with resources, mentors and also setup a platform to pitch-in more investors and VCs to get more funding.

Applications for these programs are currently being accepted. That the applications for LaunchBoxDigital will be accepted until March 14th. Last date for applications for YCombinator is April 2nd and for TechStars its March 31st. And please do note that every program has only specific number of spots. Total spots are around 30. So play safe and apply for all the three.

This post is an unusual one since my posts are often long, but just thought I should keep it to the point.

Popularity: 14%