Infosys (NYSE: INFY) Announces Results for the Quarter Ended December 31, 2018

10.1% CC YoY Revenue Growth in Q3 Leads to Upward Revision in Guidance

“With increased client relevance, we saw double digit (10.1%) year-on-year growth in Q3 on a constant currency basis,” said Salil Parekh, CEO and MD. “We also had another strong quarter in our digital business with 33.1% growth and large deals at $1.57 billion which gives us confidence entering 2019”, he added.

8.5%-9.0% Revision in FY 19 Guidance in CC terms

2.7% QoQ revenue growth in CC terms

33.1% YoY Digital revenue growth in CC terms

$1.5 Bn+ Large deal signings

22.6%* Operating margin

*Includes additional depreciation and amortization impact of 0.4% due to

reclassification of assets of Panaya and Skava from “Held for Sale.”

– Q3 19 revenues grew year-on-year by 8.4% in USD terms; 10.1% in constant

currency terms

– Q3 19 revenues grew sequentially by 2.2% in USD terms; 2.7% in constant

currency terms

– Digital revenues at $942 million (31.5% of total revenues), year-on-year

growth of 33.1% and sequential growth of 5.0% in constant currency terms

– 9 months revenues grew by 7.4% in USD terms; 8.1% in constant currency


– FY 19 revenue guidance in constant currency revised upward to 8.5%-9.0%;

Operating margin guidance retained at 22%-24%

– Announces buyback under open market route of ₹8,260 crore at a

Maximum price of 800 Indian Rupees per share

– Announces a special dividend of 4 Indian Rupees per share

1. Financial Highlights – Consolidated results under International Financial Reporting Standards (IFRS)

For the Quarter ended December 31, 2018

– Revenues were $2,987 million, growth of 8.4% YoY and 2.2% QoQ

– Operating profit was $675 million, growth of 0.9% YoY and decline of

2.6% QoQ#

– Basic EPS was $0.12, decline of 33.9% YoY

/Public Release.