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Infosys Technologies has reported 14.17 per cent growth in consolidated net profit at Rs 1,780 crore for the third quarter ended December 31, 2010 against Rs 1,559 crore in the December quarter of the previous fiscal (2009-10).
In a filing to the Bombay Stock Exchange, the company said that its consolidated revenue rose to Rs 7,106 crore from Rs 5,741 crore.
“The weaker economic recovery in developed markets coupled with high unemployment and risk of sovereign default could impact the industry growth. We are closely working with our clients, as they fine-tune their strategies for the future,” the Infosys CEO and MD, Mr S. Gopalakrishnan, said.
During the fourth quarter ending March 31, 2011, the company expects the revenues to be in the range of Rs 7,157-7,230 crore, while for the full fiscal ending March 31, 2011, it expects revenues to be in the range of Rs 27,408-27,481 crore.
Besides, the company has appointed Mr R. Seshasayee as Additional Director with immediate effect. The appointment is subject to shareholders’ approval.
On a standalone basis, the company has reported 11.55 per cent growth in its net profit at Rs 1,641 during Q3 of 2010-11 fiscal over the same period in the previous fiscal. Also, the income rose to Rs 6,534 crore from Rs 5,335 crore.
Meanwhile, the company shares were trading at Rs 3,266, down by 3.23 per cent on the BSE.
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