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Infosys Technologies,India's second largest IT services exporter once again disappointed the market with the Q4FY11 results below estimates. Although, company has reported quite well but not line with the expectations. Actually, for FY11-12 the guidance of revenue in dollar terms at 18-20% and the EPS of 8-10% are quite acceptable but in rupee terms EPS guidance of Rs 126.05-128.21 is quite disappointed the street. The revenue of the company from banking and financial segment also consolidated in the same quarter.

For FY11, the consolidated revenues of the company stood at Rs 27,501 crore, up 20.93% compared to Rs 22,742 crore reported in the last year. Net profit of the company increased by 9.71% to Rs 6,823 crore against Rs 6,219 crore for the year ended March 31, 2010. Segmental revenue showed a good improvement from Financial Services, up by 27.56% to Rs 9,862 crore from Rs 7,731 crore, Manufacturing revenue were up by 19.68% to Rs 5,393 crore from Rs 4,506 crore and the Retail revenue grew by 28.43% to Rs 3,898 from Rs 3,035 crore, however revenue from Telecom segment declined by 3.06% to Rs 3,549 crore from Rs 3,661 crore in last year. Earnings per share for financial year 2010-11 improved to Rs 119.41 from Rs 108.90.

For the year ended FY11 Infosys has reported jump of more than 20% in its Net Sales to Rs 25385 crore from Rs 21140 crore in FY10. On account of increase in Cost of Services & Raw Materials up to 50% the operating profit of the company increase by 14.3% to Rs 8414 crore from 7360 crore in previous year and with the jump of 12% from FY10 the Profit After Tax for the same period stood at Rs 6443 crore. Operating Margin of the Infosys for FY11 declined by 167bps to 33.15% while PAT Margin turned down by 184bps to 25.38% during the same period.

For FY11 on segmental basis the major contributor of revenue Financial Services reported rise of 26.37% to Rs 9293 crore compared to Rs 7354 crore this segment has contributed around 36.6% for the same period, Manufacturing Services add 17.5% revenue with the jump of 18.5% to Rs 4686 crore from Rs 3988 crore, Retail segment which accounts around 15% revenue surged by 25.69% to Rs 3757 crore from Rs 2989 crore while due to stiff competition in the sector the Telecom segment revenue came at Rs 3134 crore, down by 3.09% from Rs 3234 crore this has contributed around 12.35% to the total revenue in FY11. The other segments which also accounts 17.8% of the Infosys total revenue has also shown growth of 26.3% to Rs 4515 crore from Rs 3575 crore in FY10.