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Infosys posts 30% growth in profit

Amid news of Sensex crashing and global slowdown, software biggie Infosys Technologies registered a 30.1 per cent growth in net profit at Rs 1,432 crore during the July-September quarter of the current financial year.

business Updated: Oct 10, 2008 20:39 IST
HT Correspondent

Amid news of Sensex crashing and global slowdown, software biggie Infosys Technologies registered a 30.1 per cent growth in net profit at Rs 1,432 crore during the July-September quarter of the current financial year as against Rs 1,100 crore in the corresponding period of 2007-08.

The company’s income stood at Rs 5, 418 crore for the second quarter of 2008-09, an increase of 32 per cent over the corresponding period in 2007-08, according to a statement issued by the company. The board has also declared an interim dividend of Rs 10 on shares of face value of Rs 5.

As per the statement, the earning per share (EPS) increased to Rs 25.02 during the July-September period of the current fiscal from Rs 19.26 in the corresponding period of the previous fiscal. The company’s operating profit before tax stood at Rs 1,617crore during the same period of FY 09 up by 41.8 per cent from Rs 1,140 crore.

“We have revised our US dollar revenue guidance to reflect the current economic situation and the drastic depreciation of global major currencies against the US dollar,” said S Gopalakrishnan, CEO and managing director, Infosys.

The company’s income for 2008-09 is expected to be between Rs 21,309 crore and Rs 21,731 crore, the statement highlighted.

The company’s share price during the close of the day touched Rs 1,226.7 down 2.2 per cent.

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