INFY's FY'18 Q3 Earnings update

  • Revenue $2.8B, ~8% growth compared to last year, ~1% growth compared to last quarter
  • Net income $796m, ~29% net margin, this includes one time tax benefit of $225 million. Excluding the tax benefit, net margin growth ~21%
  • Earnings per share $0.35, includes the $0.10 one time tax benefit
  • BFSI (which contributes ~33% of the total revenue) remained flat
  • Revenue contribution % by verticals
  • Cash & Investments ~$4.6B (compared to $6B from last quarter)
  • Employee headcount stands at 202K