News APP

NewsApp (Free)

Read news as it happens
Download NewsApp
Rediff.com  » Business » Infosys beats expectations, Q2 net up 17%

Infosys beats expectations, Q2 net up 17%

Last updated on: October 11, 2006 13:31 IST
Get Rediff News in your Inbox:

Infosys Technologies has announced its second quarter results. The company's Q2 net profit is up 17.13 per cent at Rs 930 crore (Rs 9.30 billion) from Rs 794 crore (Rs 7.94 billion), quarter-on-quarter, QoQ. 

Its revenues are up 14.46 per cent at Rs 3,451 crore (Rs 34.51 billion) from Rs 3,015 crore (Rs 30.15 billion).

Click here for the highlights

CNBC-TV18 estimate for net profit and revenues were at Rs 854.26 crore (Rs 8.54 billion) and Rs 3,327 crore (Rs 33.27 billion), respectively.

Its other income is at Rs 66 crore (Rs 660 million) versus Rs 128 crore (Rs 1.28 billion).

In Q2, Infosys added 45 clients, gross addition of 10,795 employees.

Infosys' Guidence FY07

The company's FY07 revenue growth guidance has been revised upwards at 45.5%

Its revenue guidance is of over $3 billion

Its revenue guidance is up from Rs 13,400 crore (Rs 134 billion) to Rs 13,899 crore (Rs 138.99 billion)

The EPS guidance is up from Rs 62.25-62.87 to Rs 66.

For more information about trading and markets log on to www.moneycontrol.com

Get Rediff News in your Inbox:
 

Moneywiz Live!