Date:12/01/2006 URL: http://www.thehindu.com/2006/01/12/stories/2006011204782000.htm

Business

Infosys net up 31 p.c. in Q3

Special Correspondent

Revises guidance following volatility of the rupee

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— Photo: G. R. N. Somashekar

FIGURES SPEAK: Nandan Nilekani, CEO, Infosys Technologies, addressing a press conferenceat the company's campus in Bangalore on Wednesday.

BANGALORE: Infosys Technologies Limited has registered a 30.58 per cent jump in the net profit at Rs. 649 crore for the third quarter. The Nasdaq listed firm clocked revenues of Rs. 2,532 crore for the quarter ended December 31, 2005, a year-on-year growth of 34.97 per cent.

Giving details of the third quarter performance, Infosys CEO, President and Managing Director Nandan M Nilekani told presspersons that, "We have seen another quarter of steady growth. Our initiatives in strategic alignment, capability building and operational excellence are all on track.''

The EPS (earnings per share), before exceptional items, increased to Rs. 23.68 from Rs. 18.50 for the corresponding quarter in the previous year, an increase of 28 per cent.

The company and its subsidiaries added 36 new clients during the quarter. The company, which had an employee strength of 49,422 as on December 31, is all set to top 50,000 in the current quarter.The company also marginally revised its `guidance' for the quarter and fiscal ending March 31, 2006.