Infotech announces Q4 FY12 Results

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Infotech announces Q4 FY12 Results

Infotech has announced its Q4 and annual results-FY 2011-12. The revenue for the year is Rs.15,531 million, Y-o-Y growth of 30.7%. Y-o-Y growth in dollar terms is 24%. Operating profit is Rs.2,704 million, an increase of 50% Y-o-Y. Operating margin is at 17.4% for the year, an increase of 220 bps over last year.

Whereas in Quarterly performance revenue for the quarter is Rs.4,173 million, Y-o-Y growth of 28%, Q-o-Q growth of 0.2% and Q-o-Q growth in dollar terms at 1.6%. The company sustained the improved Operating margin. During Q4, OPM (at 19.8%) further improved by 20 bps over Q3 in real terms, due to operational excellence initiatives. There was adverse exchange impact of 100 bps in Q4 compared to Q3.

BVR Mohan Reddy, Chairman & Managing Director, Infotech said, “In spite of the macro-economic uncertainty around the globe, we had a very good year in line with our expectations. We posted robust growth and higher profits because of customer centricity and long-term growth strategy.

He further stated that towards developing the next-generation leadership, we have promoted Krishna Bodanapu as President & Chief Operating Officer of the company. The company has been re-organized into four business units.”


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