Infinite Q2 FY 11 Revenue Grows 38% YoY in USD Terms; PAT up by 57%

BANGALORE, India, November 3, 2010 /PRNewswire/ -- Infinite Computer Solutions (India) Limited (BSE: 533154, NSE: INFINITE), a global provider of IT Services, Infrastructure Management Services (IMS) and Intellectual Property Leveraged Solutions, today announced its results for the second quarter of the Fiscal 2010-11.

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    Consolidated results for the quarter ending September 30, 2010

    - Revenue - INR 219.4 crore; (USD 47.2 Million*) YoY growth of 38.4% in
      USD terms
    - PAT - INR 25.56 crore; (USD 5.50 Million); YoY growth of 57.0% in USD
      terms
    - EPS for the quarter - INR 5.81

    Q2 FY 11 Highlights (for the quarter ended September 30, 2010)

    Revenue of INR 219.4 Cr. (USD 47.2 Million)
    - Y-o-Y Growth in INR terms up 32.9% and in USD terms it stood at 38.4%;
    - Q-o-Q Growth (sequential) is 13.3% in INR terms and 11.2% in USD terms

    Operating margin of INR 36.4 Cr. (USD 7.83 Million)
    - Y-o-Y growth in INR terms up 24.3% and in USD terms at 28.3%
    - Q-o-Q growth 14.4% in INR terms and 12.4% in USD terms

    Net profit after tax was INR 25.6 Cr. (USD 5.50 Million)
    - Y-o-Y Growth in INR terms was 53.0% and in USD terms it stood at 57.0%;
    - Q-o-Q Growth stood at 5.0% in INR terms and in USD terms the growth was
      3.1%

    Earnings per Share was INR 5.81
    - Q-o-Q growth up by 4.87%; while Y-o-Y growth was 32.9%

    The Board of Directors has approved an Interim Dividend of 20% and a
    special dividend of 10%.

    Business Outlook

    Added 3 key clients during the quarter in telecom and utilities division

    - Our top client contributed 33.1% of our revenue. Top 10 clients
      contributed 92.3%.
    - We have 47 active clients. Out of which on an LTM basis, we have 13 USD
      1Mn+ clients, of which three are clients with USD 20Mn+ revenue; six
      clients with USD 5Mn+ revenue

    Others

        - The global headcount increased to 4178 employees
        - Net addition of 435 employees / contractors
        - Global Attrition rate stood at 8.08% while India attrition was at
          7.84%
        - Telecom vertical contributed 61% of the total revenue.
          Healthcare contribution up to 18.63% and Manufacturing up to 6.34%;
          R&D/IP Leveraged revenue up to 21.6% against 18.9% in Q1; RIM
          revenue up to 8.9% against 8.2% in Q1. Offshore revenue up to 29.1%
          from 27.8% in Q1


    Anjali Awasthi
    Head - Corporate Communications
    Infinite
    [email protected]
    +91-9818231938 / +91-80-4193-0000


    http://multivu.prnewswire.com/mnr/prne/infinitecomputersolutions/46302/

SOURCE Infinite Computer Solutions (India) Ltd.