India-based software exporter Infosys Technologies Ltd (INFY: Quote,500209: Quote,INFOSYSTCH: Quote) Friday reported that its third quarter profit attributable to owners of the company declined to $434 million from $458 million in the prior year. The results are on IFRS basis.
Earnings per equity Share down to $0.76 from $0.80 in the prior year. On average, 12 analysts polled by Thomson Reuters expected earnings of $0.72 per share for the quarter. Analysts’ estimates typically exclude special items.
Quarterly revenues rose to $1.911 billion from $1.806 billion in the previous year. Analysts expected revenues of $1.86 billion for the quarter.
Infosys and its subsidiaries added 53 clients during the quarter
For the fiscal year ending March 31, 2013, the company still expects earnings per ADS of at least $2.97. The company now expects revenues to be at least $7.450 billion for the year, which includes $104 million from Lodestone. Wall Street expects full year earnings of $2.95 per share on revenues of $7.32 billion.
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by RTT Staff Writer
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