Wednesday, January 12, 2011

Infosys Q3 Net Income Up 2.5% At Rs 1780 Cr

Bangalore: India is the second largest exporter of IT services, Infosys Technologies and IT measure (INFOSYS.BO) announced its financial results for the quarter ended December 2010 the Company has consolidated net profit of Rs 1780 Crore compared to Rs 1737 Crore in previous quarter, an increase of 2.48%.

Consolidated operating income stood at Rs 7106 Crore from Rs 6947 Crore, an increase of only 2.29% on a quarterly basis. Infosys reported revenue of $ 1,585,000,000, an increase of 5.94% (quarterly).

Infosys expects revenue of $ 1.60 to 1.61 billion in the fourth quarter and FY11 EPS of Rs 31.06-31.28. For fiscal year 2010-11, the company sees revenue of $ 6.4-6.6 billion and earnings per share of Rs 118.68-118.90 against previous expectations of Rs 115-117/share

The company raised FY11 U.S. dollar revenue growth guidance 25.8-26.22% from previous guidance of 24-25% and revenue growth guidance raised rupee 20.5-20.84 18.5% to 19.5% previously.


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