Infinite Computer Solutions has announced its results for the fourth quarter and for the full year FY 2012-13, after approval by the company’s Board of Directors.
As per the announcement, the key highlights of the financial results reports that the company has achieved consolidated revenue of INR1,391 crore depicting a growth of 32 %.EBITDA growth went up by 19% at INR218.4 crore. EPS for the financial year 2012-13 was INR30.72.On the other hand, consolidated USD results of the company for the year ending March 31, 2013 showed revenue of USD255.45 million which has gone up by 15.8 %.EBITDA margin grew by 4.8% at USD40.11 million.
Upinder Zutshi, Managing Director & CEO, Infinite Computer Solutions, stated, "We are pleased to announce another set of good results for the company with our top-line growth at about 32% and a 4-year CAGR (since the IPO) at about 30% making us one of the top growth companies in our segment. As part of our future strategy and vision, we have restructured into three independent businesses: IT Services, Product Engineering and Mobility & Messaging Platforms and have completed major investments in building Mobility and Next-Generation Platforms, which will drive our future growth. Over the next fiscal, we intend to invest over US$12 million to build a platform for growth across the three business lines."
Global Employee Headcount data at the end of the second quarter stood at 5,075 showing a net increase of 109 employees over the previous quarter.
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