Infosys Q2 net up 30 pc at Rs 1,432 cr | business | Hindustan Times
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Infosys Q2 net up 30 pc at Rs 1,432 cr

business Updated: Oct 10, 2008 11:23 IST

Software major Infosys Technologies on Friday announced a consolidated net profit of Rs 1,432 crore for the second quarter ended on September 30, a 30.18 per cent growth over the corresponding period a year-ago.

The firm had reported a net profit of Rs 1,100 crore in the September quarter last fiscal, Infosys said in a filing to the Bombay Stock Exchange.

"We benefited from the depreciation of the rupee against the US dollar during the quarter which was partially offset by the sharp appreciation of the US dollar against all other major currencies," Infosys Chief Financial Officer V Balakrishnan said.

The consolidated total income rose 28.73 per cent to Rs 5,484 crore, from Rs 4,260 crore in the same period in FY'08.

The board has declared an interim dividend of Rs 10 on shares of face value of Rs five.

"Our liquidity position continues to be strong with cash and cash equivalents reaching USD 1.9 billion," Balakrishnan added.

Shares of the company were trading at Rs 1,181.20, down 5.83 per cent on the BSE.