Infosys net profit up 17 percent in first quarter
By IANSFriday, July 10, 2009
BANGALORE - Infosys Technologies Ltd posted a net profit of Rs.15.27 billion (Rs.1,527 crore) in the first quarter (April-June) of this fiscal (2009-10), registering 17.3 percent year-on-year (YoY) growth as per the Indian accounting standard.
In a regulatory filing Friday, the IT bellwether said the consolidated income for the quarter (Q1) under review is Rs.54.72 billion (Rs.5,472 crore), which is an increase of 12.7 percent YoY as the per the Indian accounting standard.
According to the International Financial Reporting System (IFRS), net income for the quarter grew marginally to $313 million from $308 million.
Consolidated revenue declined by 2.9 percent YoY to $1.22 billion from $1.55 billion a year ago as per the IFRS.
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