Press Releases / Q3 FY11 Results Release
Feb 02, 2011

Media Release

Infinite Q3 FY 11 revenue grows 43% YoY in USD terms

Bangalore, February 2, 2011: Infinite Computer Solutions (India) Limited (BSE: 533154, NSE: INFINITE), a global provider of IT Services, Infrastructure Management Services (IMS) and Intellectual Property (IP) Leveraged Solutions, today announced its results for the third quarter of the Fiscal 2010-11, as approved by its Board of Directors.

Consolidated results for the quarter ending December 31, 2010

*Average Forex Rate: INR 45.17 = 1 USD

Q3 FY 11 Highlights

Revenue of INR 222.26 Cr. (USD 49.21 Million) for the quarter ended December 31, 2010

Operating profit was INR 37.04 Cr. (USD 8.20 Million) for the quarter ended December 31, 2010

Net profit after tax was INR 27.05 Cr. (USD 5.99 Million) for the quarter ended December 31, 2010

Earnings Per Share was INR 6.15 for the quarter ended December 31, 2010

We added 3 new clients in Q3

Others

The global headcount increased to 4468 employees from 4178

We have taken up a new SEZ facility in Bangalore with a total area of approx. 89,000 sq ft., spanning over four floors.
Presently we are making a provision for over 1,000 workstations

Commenting on the results, Mr. Upinder Zutshi MD & CEO Infinite Computer Solutions (India) Limited, said, “We had a good quarter with sequential revenue growth of 4% in USD terms and net profit growth of 9% in USD terms. We added three new clients while our engagements with existing strategic clients continue to build on the momentum of the previous quarters. Our focus continues to be on mining existing clients and this has resulted in the number of million dollar clients increasing to 15 this quarter.”

About Infinite

Infinite Computer Solutions (India) Limited is a global service provider of Infrastructure Management Services, Intellectual Property (IP) Leveraged Solutions, and IT Services, focused on the Telecom, Media, Technology, Manufacturing, Energy & Utilities and Healthcare industries. Infinite’s footprint spans several countries in four continents, offering onsite, offsite, and near-shore capabilities in major international markets. Infinite 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 statement that may be made from time to time by or on behalf of the Company.

Share this: