Infosys Q2 net up 7.5% at Rs 1,540 cr, declares 200% dividend | business | Hindustan Times
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Infosys Q2 net up 7.5% at Rs 1,540 cr, declares 200% dividend

business Updated: Oct 09, 2009 13:43 IST

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Software major Infosys Technologies today reported 7.54 per cent rise in consolidated net profit after tax at Rs 1,540 crore for the quarter ended September 30, 2009.

The software firm had a net profit of Rs 1,432 crore in the second quarter of the previous fiscal, Infosys said in a filing to the Bombay Stock Exchange.

"In the second quarter, the business climate has improved," Infosys CEO and Managing Director S Gopalakrishnan said.

Total income stood at Rs 5,821 crore, showing an over six per cent rise, at the end of the September quarter of the current fiscal.

The board declared an interim dividend of 200 per cent at the rate of Rs 10 a share.

The company added 35 new clients during the quarter.

"Clients are now looking to invest in a few strategic initiatives and relationships to maximise value from opportunities when the economic downturn ends," he added.

For the half-year ended September 30, the net profit rose by over 12 per cent to Rs 3,067 crore.

Infosys CFO V Balakrishnan said, the global currency market continues to be extremely volatile, even though we have seen some stability in the rupee against the US dollar this quarter.