The Hindu Business Line : Infosys revenues cross $1 billion in Q2

BANGALORE: Software major Infosys achieved a milestone by crossing $1 billion revenue for the quarter ended September 30, registering a year-on-year growth of 18.4 per cent.

The Bangalore-headquartered company earned a net profit of Rs 1,100 crore after tax during the period, against Rs 929 crore for the same quarter last year.

"We have achieved another milestone by crossing $1 billion revenues in this quarter," Mr S Gopalakrishanan, CEO and MD, Infosys said here on Thursday.

"In an increasingly flat world, our unique business model combined with our value proposition continued to help our clients grow profitably," he said here while announcing the second quarter results of the Nasdaq listed company.

Infosys and its subsidiaries added 48 new clients during this quarter. The company recorded Rs 4,106 income for the second quarter (Q2) registering a growth of 19 per cent.

Its earning per share increased to Rs 19.26 from Rs 16.75 for the corresponding quarter in the previous year, registering an year-on-year growth of 15 per cent.

Infosys declared an interim dividend of Rs 6 per share (120 per cent).

The company and its subsidiaries reported a gross addition of 8,543 employees for the Q2 and its total workforce stood at 85,501 as on September 30, 2007.

The Q2 revenues grew sequentially by 8.8 per cent. Annual guidance value has been revised upwards, Infosys said. Going forward the company expects its revenue to grow 19.4-20 per cent in fiscal 2008. - PTI

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