Press Releases / Q3 FY12 Results Release
Feb 13, 2012

Media Release

Infinite Q3FY12 Revenue at Rs. 269 crore
Revenue growth of 21.2% YoY
Net Profit Growth of 45.3% YoY

Gurgaon, February 13, 2012: 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 third quarter of the Fiscal 2011-12, as approved by its Board of Directors.

Consolidated results for the quarter ended December 31, 2011

*Average Forex Rate: INR 51.04 = 1 USD

Q3 FY12 Highlights for the quarter ended December 31, 2011

Revenue of INR 269.4 crore (USD 52.8 Million)

Operating profit was INR 53.9 crore (USD 10.6 Million)

Net profit after tax was INR 39.3 crore (USD 7.7 Million)

Earnings per Share was INR 9.23 for the quarter; growth of 50.1% Y-o-Y

Others

Commenting on the results, Upinder Zutshi, MD & CEO Infinite, said, “We had a good quarter both in terms of revenue and margin growth. The traction across our marquee clients continue while we added 5 strategic clients this quarter. We also have an addition of a US$ 20 mn+ client in this quarter. This gives me immense confidence that we will be able to sustain the momentum going forward. ”

He also added “The operating cash flow and the net cash position of the Company has shown a smart uptick this quarter. We have also completed the buyback process in this quarter by extinguishing the total allowed 1.4 million shares at an average price of Rs. 116 per share. We believe that this is a reflection of the management’s confidence of our ability to deliver consistent results in the future.”

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:

Sanjeev Gulati, Infinite
Email : sanjeevg@infinite.com

Diwakar Pingle, Christensen (+91 22 6452 2086)
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.

Share this: