Comments
IT bellwether Infosys Technologies has posted a 10.15 per cent rise in net profit at Rs 1,822 crore on a standalone basis for the second quarter of the fiscal 2011-12 against Rs 1,654 crore registered during the first quarter. Income from software services was up 8.18 per cent on a sequential basis at Rs 7,470 crore (Rs 6,905 crore).
On a consolidated basis, the company has posted a 10.68 per cent increase in net profit to Rs 1,906 crore (sequential) while revenues rose 8.2 per cent to Rs 8,099 crore.
The company has posted a 9.72 per cent increase in net profit to Rs 1,906 crore compared with Rs 1,737 crore for the same period last year while revenues grew 16.58 per cent to Rs 8,099 crore.
The company has declared an interim dividend of Rs 15 per equity share. The earnings per share (EPS) stood at Rs 33.36. Margins improved 1.8 per cent to 28 per cent.
The Infosys stock reacted positively with the price rising by Rs 150 (6 per cent) to Rs 2,655 in the early morning trading.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.