Infosys net up 52% in second quarter

Infosys Technologies Ltd posts net profit of Rs 9.3 billion for the July-September period of the current fiscal.

Infosys Technologies Ltd posted net profit of Rs 9.3 billion ($203 million) for the second quarter (July-September) of the current fiscal (2006-07), registering a record 52 percent year-on-year (YoY) growth and 15 percent sequentially.

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In a notification to the stock exchanges in Bangalore on Wednesday, the company said the consolidated income for the quarter under review (Q2) was Rs 34.51 billion, posting a YoY growth of 50 percent and 20 percent sequentially under the Indian GAAP (generally accepted accounting principles).

Under the US GAAP, the net income was $199 million and consolidated income $746 million, registering YoY growth of 44 percent and 42 percent respectively.