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Infosys - Q1 Results - Fast Facts

Filed in archive Offshoring by prashanth on July 12, 2007

Infosys - Q1 Results - Fast Facts

Revenue - Sequentially our revenue grew by 7.5%. Our blended pricing went up by 1% this quarter

Geo - Grown 7.5% in North America, 8.4% in Europe

Geo - North America contributed 62.6% of our revenue this quarter. Europe contributed 26.8% of revenue

Customers - Added 35 new clients this quarter

Customers - Top 10 clients grew 3.9% this quarter, whereas the rest of the clients, the non-top 10 clients, grew by 9.3%

Utilization has gone up to 75% and we have added 7,000 employees at the gross level and 3,730 employees at the net level this quarter

Utilization this quarter, excluding trainees, is 75.1%, last quarter it was 73.7%. We have recruited 7,000 people this quarter gross and a net of 3,730 people.

Service portfolio point of view, development has marginally come down, maintenance has gone up together contributing close to 40%

Services - Package implementation contributed 18.4% of our revenue, consulting 4.9% of our revenue. The consulting revenue this quarter is 4.9% compared with 4.3% the last quarter.Consulting grew by 23.2% quarter-on-quarter. Testing contributed 7.5% of our revenue this quarter. Testing grew 11.1% quarter-on-quarter. Business process management contributed 5.4%. Again, business process management grew 11.2% quarter-on-quarter. Our revenue from services accounted for 96.8% this quarter. The products revenue was 3.2%.

Vertical - Banking, insurance and financial services contributed 36.1% of our revenue, manufacturing 13.6%. Manufacturing grew 13% quarter-on-quarter. Retail 10.8%, telecom 22%. Telecom grew 8.2% quarter-on-quarter. We've also seen strong growth in energy and utilities and transportation and in services.

Fixed price Contract/Projects/revenue is 29.1%, Up fromt last quater

Onsite revenue is 54.1% compared with 54.3% last quarter. The revenue productivity, per capita revenue productivity has gone up by 1% blended, 1.4% onsite and 1% offshore. The blended revenue productivity has gone up by 1%.

Repeat business is anywhere between 94% to 96% range. Even at the end of the year, 92% and about 92% to 96%, in that range

Hiring - have succeeded in capturing the lateral pool substantially last year. Last year we hired about 8,000 people from the lateral pool. In the lateral pool, we've seen our conversion rate in the first quarter go up to something like 65% from around 55%. And I think we had about 1,800 people hired in the lateral pool this quarter.

attrition rates have stabilized. Second quarter of last year we had 2,040 people leave us in services, third quarter 2,040 and the fourth quarter it came down to 1,640 because of seasonalities. And this quarter it's 2,010

pricing environment continues to be stable with an upward bias. For the majority of the new contracts we are seeing about 3% to 4% above our average. On the renegotiations, on the majority of them, we have seen maybe 2% to 3% above our average. And it flows into our revenue productivity. That is how we have seen 5% revenue productivity increase last year and 1% this quarter

Source:1

Tags: infosys - india - it+services - offshore

Prashanth Rai



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