Infosys results analysis

Below are some notable and interesting highlights from the Infosys third quarter results 2008-2009, especially the quarter in which the economic crisis gained the strength.

• Though Infy succeeded in reducing the dependency on U.S in the past quarters, this quarter revenue from US rose to 64.5% ( It was 61.5% in the prev quarter and 62.5 a year back)
• Product sales saw a huge increase to 4.2% - it increased by 16% from the prev quarter
• As expected, Telecom business continued its decline. Its share came down to 16.7% - a 12% decrease. Manufacturing sector also saw a minor decrease(-2.5%) in its share.
  
• Onsite effort and revenue came down by around 1%
• Reflecting the job market, addition of trainees of decreased b 4000 ( note that freshers addition is more during the previous quarter, as it coincides with the end of the academic year)
• Utilization (excl. trainees) increased by 1%. Last quarter was down by 3%.
  
• Addition of lateral employees also got decreased. At the same, attrition also decreased by 1%
  
• Next to Bangalore, Pune has the most number of seats with 20K. Least number in India is from Jaipur with 990 seats
  
• The Revenue ending Dec 31 is Rs.5786 crores. It projected Rs.5519 - 5730 crores in the previous quarter.
• The company saw first ever sequential decline in dollar revenue from $1.17 from $1.22 billion in the prev quarter.
• Net profit rose by 33% Y-o-Y
  

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