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SOFTWARE INDUSTRY NEWS |
Infosys reports strong Q4 2010 financial data |
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Infosys reported its financials for the year ended March 31, 2010, and for the fourth quarter of FY2010. For the fourth quarter, revenues were reported at $1,296 million, marking a 5.2% quarter on quarter, and 15.6% year on year. Net income after tax was $349 million, earnings per American Depositary Share (ADS) was 0.61. Infosys said 47 clients were added during the quarter and there was a net addition of 3,914 employees, taking its headcount to 113,796. Infosys said it expects fiscal 2011 revenues to grow by 16 to 18 percent. For the quarter ending June 30, 2010 , the company anticipates consolidated revenues in the range of $1,330 million and $1,340 million, and consolidated earnings per American Depositary Share in the range of $0.55 and $0.56. For the fiscal year ending March 31, 2011, it anticipates consolidated revenues in the range of $ 5.57 billion and $ 5.67 billion, and consolidated earnings per American Depositary Share is expected to be in the range of $2.40 and $2.50. |
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