IT services company Infosys today said its revenue rose 7.1 percent to $8.71 billion, while profit grew 15 percent to $2.01 billion in FY 2014-15.
Infosys said its Q4 FY 2015 revenue increased 3.2 percent to $2.16 billion, while profit marginally grew 2.3 percent to $489 million.
FY 2016 revenues expected to grow between 6.2-8.2 percent in USD terms, said the Bangalore-based Infosys.
Infosys CEO & MD Vishal Sikka said: “Our employee engagement initiatives over the last few months have resulted in containing employee attrition to one of the lowest in recent times.”
Quarterly annualized attrition for Infosys declined to 13.4 percent in Q4 compared to 23.4 percent in Q1.
“Services growth in the fourth quarter was lower than we expected, though we saw healthy growth in Finacle and our Edge suite. Pricing continues to be under pressure due to increasing commoditization in the traditional outsourcing business, requiring us to ramp up productivity through automation, and enhance our differentiation in large engagements,” said UB Pravin Rao, COO of Infosys.
Infosys is set to buy Kallidus (Skava), a provider of digital experience solutions, including mobile commerce and in-store shopping experiences to large retail clients, for $120 million.
Infosys said Skava delivers a cloud hosted platform for mobile websites, apps, and other digital shopping experiences across mobile, tablet, desktop, in-store, and all emerging channels to large retail clients worldwide.