May 16, 2013
Continues Strong Growth. Q4 Revenue grows at 35%. FY 13 Annual Revenue Grows at 32%
Infinite Computer Solutions (NSE Symbol: INFINITE / BSE Scrip Code: 533154), a global Information Technology service provider with expertise in Application Management, Infrastructure Management, Product Engineering Services, Next-Gen Messaging Platforms & Enterprise Mobility Solutions, today announced its results for the fourth quarter and for the full year FY 2012-13, as approved by its Board of Directors.
Consolidated INR results for the Year Ended March 31, 2013:
•Revenue – INR 1391 Crore (Growth of 32%)
•EBITDA – INR 218.4 Crore (EBITDA Growth at 19%)
•PAT – INR 130.74 Crore; (Growth of 8.3%)
•EPS for the FY 2012-13 – INR 30.72
Consolidated USD results for the Year Ended March 31, 2013:
•Revenue – USD 255.45 Million (Growth of 15.8%)
•EBITDA – USD 40.11 Million (EBITDA Growth at 4.8%)
•PAT – USD 24.03 Million; Decline of 4.8%
Consolidated INR results for the Quarter Ended March 31, 2013:
•Revenue – INR 360 Crore; YoY growth of 34.9%, QoQ revenue down 0.9%
•EBITDA – INR 47 Crore; YoY EBITDA increased by 14%,QoQ decline of 20.8%
•PAT – INR 29.8 Crore; YoY Growth of 44%.QoQ decline of 13.2%
•EPS for the quarter – INR 7
Consolidated USD results for the Quarter Ended December 31, 2012:
•Revenue – USD 66.47 Million*; YoY growth of 25.3%. QoQ decline of 0.97%
•EBITDA – USD 8.72 Million*; YoY EBITDA increased by 6%. QoQ growth of 20.9%
•PAT – USD 5.5 Million*; YoY growth at 33.82%. QoQ decline of 8.48%
*Average Forex Rate: INR 54.17 = 1 USD
“We are pleased to announce another set of good results for the company with our top-line growth at about 32% and a 4 year CAGR (since the IPO) at about 30% making us one of the top growth companies in our segment.
As part of our future strategy and vision, we have re-structured into 3 independent businesses: IT Services, Product Engineering and Mobility & Messaging Platforms and have completed major investments in building Mobility & Next Generation Platforms, which will drive our future growth. Over the next Fiscal, we intend to invest over USD US$ 12M to build a platform for growth across the three business lines.” said Upinder Zutshi, Managing Director and CEO.
•Major Investments completed in Intellectual Property (IP) Development in the Messaging Business
•Three products launched – RCS; Enterprise Messaging; Personal Messaging Cloud
•Restructured the company into three Business with Independent P&Ls:
-IT Services; Product Engineering Services; Mobility & Messaging Platforms
-Each Business headed by a senior executive and run as an independent P&L. Will have a dedicated organization addressing it’s market opportunity.
•Newly appointed senior executive Amit Srivastav to lead Infinite’s IT Services Business.
Mobility & Messaging Platforms:
•Customer Magazine CRM Excellence Award – 2013
•CTIA Emerging Technology Awards – Finalist
•Fierce Innovation Awards – Finalist
•World Communication Award – Finalist
•Mobile Merit Awards – Runner-up
•NPG Hot Companies & Technologies Finalist 2012 & 2013
•Global Employee Headcount at the end of the Second Quarter stood at 5075 Strong; a net increase of 109 employees over the previous quarter.
Infinite Computer Solutions (NSE Symbol: INFINITE / BSE Scrip Code: 533154) is a global Information Technology service provider with expertise in provision of Application Management, Infrastructure Management, Product Engineering Services, Next-Gen Messaging Platforms & Enterprise Mobility Solutions.
With a global team of around 5000, we partner with Fortune 500 companies from Telecom, Healthcare, Media and Content, Energy and Utilities and Financial Services verticals helping them achieve objectives through flexible engagement models including risk-reward, revenue-share engagements, global delivery from eight delivery centers around the world, technology & domain expertise and process excellence. We leverage our expertise as well as large project execution experience for the benefit of our clients in areas such as Enterprise Mobility, Next-Generation Messaging Platforms, Big Data / Enterprise Analytics, Cloud Enablement, SoA, Optics, Switching & Routing and platform based Tech Support Services.
Infinite has been recognized by NASSCOM amongst the Top 20 IT Players in India, by Forbes as Asia’s 200 Best-Under-a-Billion companies and appeared in the Top 5 Employers of Choice in the DQ-IDC survey. Our peers and various industry bodies have recognized us for our Mobility Platform, which includes being runners-up at Mobile Merits Awards - 2012, finalist in the CTIA Emerging Technology Awards – 2012 and a finalist in Hot Companies & Technology Award – 2012.
For more information please visit www.infinite.com
Press Contact Details:
Pritika Koul, Infinite
Email - Pritika.email@example.com;
Investor Relations Contact Details:
Anuj Sonpal, Valorem Advisors
Email - Anuj@valoremadvisors.com
Phone: +91-(0)22-2202 6090/6190
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements due to risks or uncertainties associated with our expectations with respect to, but not limited to, our ability to successfully implement our strategy and our growth and expansion plans, technological changes, our exposure to market risks, general economic and political conditions in India which have an impact on our business activities or investments, changes in the laws and regulations that apply to the Indian IT services industry, including with respect to tax incentives and export benefits, adverse changes in foreign laws, including those relating to outsourcing and immigration, increasing competition in and the conditions of the Indian and global IT services industry, the prices we are able to obtain for our services, wage levels in India for IT professionals, the loss of significant customers the monetary and interest policies of India, inflation, deflation, unanticipated turbulence in interest rates, foreign exchange rates, equity prices or other rates or prices, the performance of the financial markets in India and globally, changes in domestic and foreign laws, regulations and taxes and changes in competition in the information technology/telecommunication industries. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company.