IT services vendor Infosys has almost retained or increased its revenue pie from most of the industry verticals including telecom in the first quarter of fiscal 2014-15.
The Bangalore-headquartered company today said banking, finance and insurance (BFSI) contributed 33.4 percent in Q1 FY 2015 against 33.7 percent in Q1 FY 2014. Out of this, BF share was 27.4 percent (27 percent).
Manufacturing contributed 23.2 percent share to total revenue in Q1 FY 2015 against 22.5 percent in the same period previous fiscal.
Retail and life science contributed 23.8 percent against 24.7 percent. Out of this, retail contribution was flat at 15.8 percent to total revenue.
Telecom, energy and utilities chipped in 19.6 percent as compared with 19.1 percent.
Incidentally, telecom revenue share increased marginally to 8.7 percent from 8.5 percent.
Infosys said revenues rose 7.1 percent to $2,133 million for the quarter ended June 30, 2014.
Net profit increased 15.3 percent to $482 million.
Infosys and its subsidiaries added 61 clients during the quarter.
The company said employee attrition rates are worrisome and we are implementing various initiatives to retain good talent.
The IT services vendor added 11,506 employees (gross) during the quarter. It has 161,284 employees as on June 30, 2014 for Infosys and its subsidiaries.
“We continue to enjoy the confidence of our clients by demonstrating superior execution capability and value realization,” said SD Shibulal, CEO and managing director at Infosys.
“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 UB Pravin Rao, COO at Infosys.