Infosys: Quotes, News

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The consolidated revenues were placed at Rs 12770 crore, which were largely in line with estimates. The EBIT was placed at Rs 3211 crores, as against Rs 3281 crore reported in the corresponding period of last year.

Liquid assets including cash and cash equivalents, available-for-sale financial assets, certificates of deposits and government bonds were Rs 29,748 crore as on June 30, 2014 as compared to Rs 30,251 crore as on March 31, 2014.

"We continue to enjoy the confidence of our clients by demonstrating superior execution capability and value realization." said S. D. Shibulal, CEO and Managing Director.

"As I transition the CEO mantle to Vishal, I am confident that he will leverage this strong foundation to take Infosys to greater heights. I wish him the very best."

"We saw positive trends in our large deal wins during the quarter. We believe that this momentum will hold us in good stead as we focus on increasing volumes." said U. B. Pravin Rao, COO. "Employee attrition rates are
worrisome and we are implementing various initiatives to retain good talent."

The Infosys stock was up 7 per cent in pre-opening trade.

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