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India’s well-known software services exporter, Infosys Technologies Ltd. declared its Quarter 4 Result 2011. But the breaking news is that Mohandas Pai Infosys’ Director Incharge, Human Resource Department, resigned from the board of the company with effect from June 11, 2011. The main highlights of Infosys Q4 Results were:
The Main Highlights of Infosys Q4 Results were:
- Q4 revenues sequentially grew by 2.0%; FY11 revenues grew by 20.9%
- Net profit after tax was 1,818 crore for the quarter ended March 31, 2011
- Infosys stock down more than 7% on the news in morning trade.
- Revenues went up 2% to Rs 7,250 crore as against Rs 7,105.6 crore on quarter-on-quarter basis. Numbers were below the market expectations.
- 1,30,820 employees as on March 31, 2011 for Infosys and its subsidiaries
- EBIT margins declined at 29% in January-March quarter as against 30.2% in previous quarter.
- Infosys’ board of directors will meet on April 30 to finalize plans for the company’s leadership. As the chairman NR Narayan Murthy retires in August 2011.
For more information visit Infosys official site.
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