Infosys Revenues by Segment: Financial Services Take the Lead
Revenues from the financial services segment of the India-based (EPI) Infosys (INFY) were $663 million in fiscal 3Q16. This is 27.5% of total revenues.
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Jan. 26 2016, Updated 7:27 a.m. ET
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Revenues rise 3.2% for financial services in fiscal 3Q16
Revenues from the financial services segment of the India-based (EPI) Infosys (INFY) were $663 million in fiscal 3Q16. This is 27.5% of total revenues. Financial services revenues were $642 million in fiscal 3Q15. Revenues increased 3.2% year-over-year in this segment. Revenues from financial services for peer companies Accenture (ACN) and Cognizant (CTSH) were 24.4% and 40.3%, respectively, of total revenues in the last reported quarter. Cognizant constitutes 1% of the Technology Select Sector SPDR Fund (XLK). The IT consulting subsector has an exposure of 6% to this ETF.
Revenues from the Energy & Utilities, Communications & Services or ECS segment at Infosys were $441.21 million in fiscal 3Q16. This is 18.3% of total revenues. They were $426.36 million in fiscal 3Q15. Revenues increased 3.5% year-over-year in this segment.
Revenues from the Life Sciences, Healthcare and Insurance or HILIFE segment were $326.7 million, or 13.6% of total revenues, in fiscal 3Q16. They were $316.1 million in fiscal 3Q15. Revenues rose 3.4% year-over-year in this segment.
Revenues from the Others segment were $56.66 million, or 2.4% of total revenues, in fiscal 3Q16. They were $43.9 million in fiscal 3Q15. Revenues increased 29% year-over-year in this segment in 3Q16.
Revenues from manufacturing and RCL business segments fall in 3Q16
Revenues from the manufacturing segment were $531 million, 22% of total revenues, in fiscal 3Q16. They were $548 million in fiscal 3Q15. Revenues fell 3.2% year-over-year in this segment.
Revenues from the Retail, Consumer Packaged Goods and Logistics (or RCL) segment were $390.5 million, or 18.3% of total revenues, in fiscal 3Q16. They were $391.2 million in fiscal 3Q15. Revenues fell 0.2% year-over-year in this segment.