February 15 2016, 14.38 PM IST || Pocket News Alert
Q3 - FY 2016 A great quarter as Infinite’s Revenue grows 20.2 % Y-on-Y and 16.8% Q-on-Q in Rupee Terms
Bangalore (India), February 15th 2016
Infinite Computer Solutions (India) Ltd. (NSE Symbol: Infinite; BSE Scrip Code: 533154), provides technology based business process solutions, next-gen mobility solutions and product engineering services, today announced its results for the third quarter, FY 2015 – 16, as approved by its Board of Directors.
Key financial highlights of the Quarter
Consolidated INR results for the Quarter Ended December 31st, 2015:
Consolidated USD results for the Quarter Ended December 31st, 2015:
*Average Forex Rate: INR 65.92 = 1 USD
Other Highlights
Clients / SOW Additions during Q3 FY16
22 new clients were added during this quarter, few of the SOW’s executed are:
Next-Gen Mobile Messaging Patents by Infinite
Message disposition notification across all devices (Patent No. 9231894)
This enables the support of disposition notification across all devices, such as a message notification on a tablet even when a user sent the message originally to a smartphone. This patent addresses issues related to using multiple devices to send and receive messages while retaining notifications through two different methods on a server.
Message Disposition Notification after Session Termination (Patent No. 8898235)
Awards & Industry Recognitions
About Infinite
Infinite Computer Solutions (India) Ltd., (NSE Symbol: Infinite; BSE Scrip Code: 533154), provides technology based business process solutions, next-gen mobility solutions and product engineering services, specializing in the Healthcare, Banking & Finance, Telecommunications & Technology and Media & Publishing industries, for Fortune 1000 companies. Our solutions build on proprietary industrial frameworks that significantly reduce work effort and cost while providing faster go-to-market speeds and nimble responses to market dynamics, a solution we call Platformization™. Infinite has over 5,000 employees and 8 global delivery centers.
Established in 1999, headquartered in Bangalore, India, with an expanse across three continents, a diverse employee base and over 50 premier clients, including several leading Fortune 1000 companies. We have also been listed twice as NASSCOM’s top 20 IT Companies in India.
Safe harbour
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 Media Release Page 4 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.
Bangalore (India), February 15th 2016
Infinite Computer Solutions (India) Ltd. (NSE Symbol: Infinite; BSE Scrip Code: 533154), provides technology based business process solutions, next-gen mobility solutions and product engineering services, today announced its results for the third quarter, FY 2015 – 16, as approved by its Board of Directors.
| “Our quarter result shows the growth trajectory in the right direction, our strategy of
transforming to a Platformization company has started showing the growth momentum. We see
great potential and opportunity to partner with our clients for our Platformized solutions and
cloud based service delivery.” said Upinder Zutshi, Managing Director & CEO, Infinite.
|
Key financial highlights of the Quarter
Consolidated INR results for the Quarter Ended December 31st, 2015:
- Revenue INR 584.7 Crore YoY growth by 20.2 %| QoQ growth by 16.8 %
- EBITDA INR 61.2 Crore YoY down by 16.8 % | QoQ growth by 39.2 %
- PAT INR 38.2 Crore YoY down by 21.2 % | QoQ growth by 40.4 %
- EPS for the Q3 FY 16 – INR 9.8
Consolidated USD results for the Quarter Ended December 31st, 2015:
- Revenue USD 88.7 Million* YoY growth by 13.0 % | QoQ growth by 15.0 %
- EBITDA USD 9.3 Million* YoY down by 21.7 % | QoQ growth by 36.9 %
- PAT USD 5.8 Million* YoY down by 25.8 % | QoQ growth by 38.2 %
*Average Forex Rate: INR 65.92 = 1 USD
Other Highlights
Clients / SOW Additions during Q3 FY16
22 new clients were added during this quarter, few of the SOW’s executed are:
- Signed MSA with one of the world’s largest (multi-billion dollar) soft drink manufacturer for providing Embedded application
- Signed multi-year MSA with a leading global information and communications technology R&D company to provide services in cutting edge technologies in NFV (Network function Virtualization) and SDN (Software Defined Networks)
- Signed four multi-year MSAs with leading telecom companies in the US to provide QA and Analytics platforms
- Signed two SOW’s for modernization projects with a large payment processing company to provide enterprise global payment processing solutions
- Signed four new clients in payer and provider segment forging ahead into commercial Healthcare IT space leveraging our Healthcare platforms
- Deployed Next-generation Enterprise Messaging Platform for a leading global payment service provider
- Pioneered in commercial launch of a highly scalable, reliable, multimedia messaging platform on public cloud for a leading global mobile network operator
Next-Gen Mobile Messaging Patents by Infinite
Message disposition notification across all devices (Patent No. 9231894)
This enables the support of disposition notification across all devices, such as a message notification on a tablet even when a user sent the message originally to a smartphone. This patent addresses issues related to using multiple devices to send and receive messages while retaining notifications through two different methods on a server.
Message Disposition Notification after Session Termination (Patent No. 8898235)
This covers mobile message disposition notifications after Session Termination invention. Especially useful in mobile messaging group chats where all members might not be present, the invention allows the originator of the group chat to receive:
- Industry-standard read-reply receipts
- Message delivery notifications
- Various error statuses from store and forward recipients even after the chat session has terminated
Employees
- Global Employee Headcount at the end of the Third Quarter FY 16 stood at 5214; a net increase of 223 employees over the previous quarter.
- Attrition steady at 18.27%
Awards & Industry Recognitions
- NetSfere and EMS won Bronze and Silver respectively at the Stevie Awards 2015
- TMC Award - winner of the 2015 CRM Excellence Award
- Network Product Guide’s IT World awards - NetSfere is the Gold winner in the IT Products and Services and the Bronze winner in the New Products and Services category
- TMC Labs Innovation award for 2015
- TMC Communications Solutions – Product of the Year 2015
About Infinite
Infinite Computer Solutions (India) Ltd., (NSE Symbol: Infinite; BSE Scrip Code: 533154), provides technology based business process solutions, next-gen mobility solutions and product engineering services, specializing in the Healthcare, Banking & Finance, Telecommunications & Technology and Media & Publishing industries, for Fortune 1000 companies. Our solutions build on proprietary industrial frameworks that significantly reduce work effort and cost while providing faster go-to-market speeds and nimble responses to market dynamics, a solution we call Platformization™. Infinite has over 5,000 employees and 8 global delivery centers.
Established in 1999, headquartered in Bangalore, India, with an expanse across three continents, a diverse employee base and over 50 premier clients, including several leading Fortune 1000 companies. We have also been listed twice as NASSCOM’s top 20 IT Companies in India.
Safe harbour
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 Media Release Page 4 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.
