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Infosys Technologies Ltd. (INFOSYSTCH) Q4 Profit Surges 2% at Rs.1818cr

By Bhaveek Patel Leave a Comment

India’s second largest IT services exporter Infosys Technologies Limited. has announced quarter fourth result as, net profit was reported to be at Rs.1,818 crore, a growth of just 2.15% over Rs.1,779.8 crore same in previous quarter (Q3).

Revenues went up 2% to Rs.7,250 crore as against Rs.7,105.6 crore on Q on Q basis. However these numbers were below the market expectations Dalal street was expecting net profit at Rs.1,857 crore and revenues at Rs.7,446 crore.

EBIT margins declined at 29% in January-March quarter as against 30.2% in previous quarter. Also other income of the company increased nearly 65% at Rs.415 crore from Rs.252 crore (QoQ). Earning per share (EPS) for financial year 2010-11 jumped to Rs 119.41 from Rs 109 of previous year. Net attrition in fourth quarter stood at 3,041 and staff utilization was 75.2%.

Management will be adding 45,000 employees in FY12.

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Category: Results Tags: Corporate Result/ Infosys/ INFOSYSTCH/ Results

About Bhaveek Patel

Bhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.

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