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Infosys' revenues grow by 32 percent
By siliconindia
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Friday, 10 October 2008, 23:51 IST
Bangalore: Infosys Technologies has registered a revenue growth of 32 percent on YoY basis for the quarter ended September 30, 2008, while sequential growth stood at 12 percent. The company's net profit after tax was 
1,432 crore for the quarter, posting a YoY growth of 30.2 percent. Income was 5,418 crore during the same quarter.
Earnings per share increased to 25.02 from 19.26 in the corresponding quarter in the previous year; registering a YoY growth of 30 percent. Interim dividend was 10 per share (200 percent on par value of 5 per share) compared to 6 (120 percent on par value of 5 per share) for the corresponding period in the previous year.
The company and its subsidiaries added 40 new clients during the quarter. While 10,117 employees were grossly added, the net addition was 5,927 for the quarter.
"We have revised our U.S. dollar revenue guidance to reflect the current economic situation and the drastic depreciation of major global currencies against the U.S. dollar," said S. Gopalakrishnan, CEO and Managing Director. "The challenging environment provides interesting opportunities for transformational service providers like us," he added.
The company expects its income to be in the range of 5,519 crore and 5,730 crore- YoY growth of 29.2 percent to 34.2 percent- towards the quarter ending December 31, 2008 and for the fiscal year ending March 31, 2009, under Indian GAAP and International Financial Reporting Standards (IFRS).
1,432 crore for the quarter, posting a YoY growth of 30.2 percent. Income was 5,418 crore during the same quarter.
Earnings per share increased to 25.02 from 19.26 in the corresponding quarter in the previous year; registering a YoY growth of 30 percent. Interim dividend was 10 per share (200 percent on par value of 5 per share) compared to 6 (120 percent on par value of 5 per share) for the corresponding period in the previous year.
The company and its subsidiaries added 40 new clients during the quarter. While 10,117 employees were grossly added, the net addition was 5,927 for the quarter.
"We have revised our U.S. dollar revenue guidance to reflect the current economic situation and the drastic depreciation of major global currencies against the U.S. dollar," said S. Gopalakrishnan, CEO and Managing Director. "The challenging environment provides interesting opportunities for transformational service providers like us," he added.
The company expects its income to be in the range of 5,519 crore and 5,730 crore- YoY growth of 29.2 percent to 34.2 percent- towards the quarter ending December 31, 2008 and for the fiscal year ending March 31, 2009, under Indian GAAP and International Financial Reporting Standards (IFRS).
