Press Releases / Q1 FY12 Results Release
Aug 08, 2011

Media Release
Infinite Q1 FY 12 revenue grows 43% YoY in USD terms
Bangalore, August 8, 2011: Infinite Computer Solutions (India) Limited (BSE: 533154, NSE: INFINITE), a global provider of Infrastructure Management Services (IMS) Mobility and Intellectual Property (IP) Leveraged Solutions and Application Management Services today announced its results for the first quarter of the Fiscal 2011-12, as approved by its Board of Directors.

Consolidated results for the quarter ending June 30, 2011

*Average Forex Rate: INR 44.74 = 1 USD

Q1 FY 12 Highlights

Revenue of INR 262.3 crore (USD 58.6 Million) for the quarter ended June 30, 2011

Operating profit was INR 44.7 crore (USD 10.0 Million) for the quarter ended June 30, 2011

Net profit after tax was INR 29.9 crore (USD 6.7 Million) for the quarter ended June 30, 2011

Earnings Per Share was INR 6.93 for the quarter ended June 30, 2011

Others

Commenting on the results, Mr. Upinder Zutshi MD & CEO Infinite, said, “We had a strong quarter with sequential revenue growth of 7% in USD terms aided by growth across all our key clients. While we are facing headwinds in terms of attrition and increased tax rate for this year, we are quite confident that the momentum generated this quarter will ensure that we achieve the revenue and profitability numbers guided at the beginning of this fiscal.”

About Infinite

Infinite Computer Solutions (India) Limited is a global service provider of Infrastructure Management Services, Mobility & Intellectual Property (IP) Leveraged Solutions and Application Management Services focused on the Telecom, Manufacturing, Energy & Utilities and Healthcare industries. Infinite’s onsite, offsite and near-shore capabilities has established its presence in most of the large telecom, and IT services markets of the world, with offices at multiple locations in the U.S, U.K, India, Singapore, Malaysia and China. The Company has also been growing its delivery centers in India at Bengaluru, Chennai, Hyderabad and Gurgaon. www.infinite.com

For further information, please contact:

Anjali Awasthi, Corporate Communications, Infinite
Email : anjali.awasthi@infinite.com

Diwakar Pingle, Christensen (+919833904971)
Email: DPingle@christensenir.com

Disclaimer

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.

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