Bangalore (India), May 20th 2016
May 20 2016, 13.30 PM IST || Pocket News Alert
Infinite Computer Solutions (India) Ltd. (NSE Symbol: Infinite; BSE Scrip Code: 533154), a global information technology service provider with expertise in IT Services, Product Engineering, Next-gen Messaging Products & Platforms and enterprise Mobility solutions, today announced its results for the Fourth quarter FY 2015 – 16 and Consolidated Full year results for FY 2015 - 2016, as approved by its Board of Directors.
Key highlights - – 4th Quarter ended March 31, 2016
Consolidated INR results for the Quarter Ended March 31st, 2016
- Revenue INR 553.5 Crore (YoY growth of 30.4 %; QoQ decline 5.3%)
- EBITDA INR 47.9 Crore (YoY growth of 98.6 %; QoQ decline 21.6%)
- PAT INR 30.03 Crore (YoY growth of 194.1%; QoQ decline 21.3%)
- EPS for Q4 FY 2015-16 – INR 7.75
Consolidated USD results for the Quarter Ended March 31st, 2016
- Revenue USD 82.0 Million (YoY growth of 20.2%; QoQ decline 7.5%)
- EBITDA USD 7.1Million (YoY growth of 83 %; QoQ decline 23.5%)
- PAT USD 4.5 Million (YoY growth of 171.3%; QoQ decline 23.2%)
*Average Forex Rate: INR 67.5 = 1 USD
About Infinite
Infinite Computer Solutions (India) Ltd., is a global company with expertise in Platformized™ IT Solutions and Frameworks for Product Engineering, Next-Gen Messaging Platforms & Enterprise Mobility Solutions. With a global team of over 5000+ employees, Infinite partners with Fortune 1000 companies from Telecom, Healthcare, Energy & Utilities, Media & Content and Banking & Financial services verticals helping them achieve their business and technology objectives through technology & domain expertise and process excellence. With our flexible engagement model including risk-reward and revenue sharing engagements and delivering globally from eight delivery centers around the world, we have been preferred by Fortune 1000 clients as their strategic IT partner. We have also been listed twice as NASSCOM’s top 20 IT Companies in India.
We leverage our expertise as well as large project execution experience for the benefit of our clients in areas such as Enterprise Mobility, Next - Generation Messaging Platforms, Big Data / Enterprise Analytics, Cloud Enablement, SoA, Optics, Switching & Routing and platform based Tech Support Services.
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.
For more information, please visit us at www.infinite.com