Infosys Q3 up 14%
By Pulkit Sharma

Infosys has announced its consolidated results for the quarter ended December 31, 2011

-  Revenues were $1,806 million for the quarter ended December 31, 2011; QoQ growth was 3.4%; YoY growth was 13.9%
-  Net income after tax was $458 million for the quarter ended December 31, 2011; QoQ growth was 11.4%; YoY growth was 15.4%
-  Earnings per American Depositary Share (EPADS) was $0.80 for the quarter ended December 31, 2011; QoQ growth was 11.1%; YoY growth was 15.9%
-  49 clients were added during the quarter by Infosys and its subsidiaries
-  Gross addition of 9,655 employees (net addition of 3,266) for the quarter by Infosys and its subsidiaries
-  145,088 employees as on December 31, 2011 for Infosys and its subsidiaries

“The global economy, driven by slower growth in developed markets coupled with the European crisis, could impact the growth of the IT industry,” said S. D. Shibulal, CEO and Managing Director. “Notwithstanding short-term challenges, we are focused on long-term growth opportunities by investing in platforms and solutions - which will accelerate innovation, enhance returns for our clients and deliver higher business value.”

Infosys is expecting growth of 13 percent for the next Quarter.