Friday, April 13, 2007

Infosys Q4 net profit jumps 69%, beats f'cast

Leading software services provider, Infosys Technologies today posted 69.27 per cent increase in net profit at Rs 1,124 crore for the quarter ended March 31, as compared to Rs 664 crore for the year-ago period.

The total income of the company increased by 43.38 per cent to Rs 3,675 crore for the fourth quarter ended March 31, from Rs 2,563 crore for the corresponding quarter a year ago, Infosys informed the BSE.

Highlights of Infy's Q4 show

1. Infosys declares final dividend of Rs 6.5 per share

2. Infosys Q4 net profit Rs 1124 cr versus 983 cr Q-o-Q

3. EPS growth seen at 22.6%

4. Infosys projects EPS at Rs 80.29-81.58 for this fiscal

5. 4 Offshore salary hike projected at 12-18%

6. Infosys adds 34 new clients, 3992 employees worldwide

7. IP Global Services to show strong growth: Nilekani

8. Infosys factors Rupee value at 43.10 visa-viz dollar

9. Infosys projects revenue growth at Rs 17300 cr for 07-08


For the year ended March 31, the company posted a net profit after tax & exceptional items of Rs 3,783 crore as compared to Rs 2,421 crore a year ago.The total income has increased to Rs 13,524 crore for the year ended March 31 from Rs 9,172 crore in the year-ago period.

The company declared a final dividend of Rs 6.50 on shares of Rs 5 each (130 per cent).

Read more in The Economic Times article.

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