Infosys Q2 Profit Rises 7.5% at 1540 crores, Infosys Business Results - YourDataPlan - Telecom Updates & News

Breaking

Post Top Ad

Infosys Q2 Profit Rises 7.5% at 1540 crores, Infosys Business Results


Infosys Technologies has reported a better-than-expected performance in the second quarter of FY09. The company posted a net profit Rs 1540 crore for the quarter ended on September 30, 2009 against Rs 1527 crore in the previous quarter.


The firm, which develops applications, designs supply chains and offers backoffice services, said net profit rose to 15.40 billion rupees ($332 million) in July-September, from 14.32 billion reported a year ago.

A Reuters poll had estimated a profit of 15.11 billion rupees for Infosys, which counts Goldman Sachs, BT Group, and BP Plc among its clients.

India's nearly $60 billion outsourcing sector has been hit in the global economic downturn as its core financial clients slam the brakes on technology spending and demand sharp price cuts.

Shares in Infosys, valued at about $28 billion, jumped 30 percent in July-September versus a 39 percent jump in the sector and a 18 percent rise in the broader market.

Result Highlights:

Income stood at Rs. 5,585 crore for the quarter ended September 30, 2009 translating to a YoY growth of 3.1%

profit after tax stood at Rs. 1,540 crore for the quarter ended September 30, 2009 YoY growth was 7.5%

Earnings per share increased to Rs. 26.86 from Rs. 25.02 in the corresponding quarter of the previous year resulting to a YoY growth was 7.4%

Declared an Interim dividend of Rs 10 per share which is 200% on par value of Rs. 5 per
share (same as previous year)

Post Top Ad