Infinite surpasses Industry Growth Rate for Q2 FY14
Infinite Computer Solutions (India) has announced its results for the second quarter FY 2013-14, as approved by its Board of Directors.
Upinder Zutshi, Managing Director & CEO, Infinite, said, “I am delighted to announce another quarter of good results in line with our annual guidance of around 14% revenue growth. Our relentless focus and investment in growth continues to show in our business results.”
He further added, “Our concentration on increasing efficiencies in niche areas including Enterprise Analytics, Enterprise Mobility, Broadband Networking and SoA has been a key focus through the quarter, with internal Centres of Excellence (CoEs) having been set up enhancing our solutions capabilities to benefit our customers.”
Consolidated INR results for the Quarter Ended September 30, 2013 revealed that the company has gained revenue at INR476.9 crore, showing 37% YoY growth and 18.5% QoQ revenue growth. EBITDA was INR53.3 crore and PAT (profit after tax) was INR26.2 crore
In US dollars, the results for the quarter ended September 30, 2013 showed revenue at US$77 million, with YoY growth of 22% and QoQ growth of 6.8%.The global employee headcount at the end of the second quarter stood at 5,170 Strong with a net increase of 6 employees over the previous quarter.
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