Infosys net profit up 17 percent in first quarter

October 9th, 2009 BANGALORE - Infosys Technologies Ltd, including its subsidiaries, hired 6,069 people during the second quarter (July-Sep) of this fiscal (2009-10), increasing the total headcount to 105,453 employees, the IT bellwether said Friday. With the exit of 4,521 employees in the quarter under review (Q2), the net addition is 1,548 as against 5,927 in the same quarter year ago.

October 9th, 2009 BANGALORE - Sailing through tough times, Infosys Technologies Ltd has again beaten revenue guidance for the second quarter (July-September) of this fiscal (2009-10) by posting Rs.55.85 billion (Rs.5,585 crore) as against the projected Rs.53.65 billion (Rs.5,365 crore). The business climate has improved in the second quarter.

October 8th, 2009 BANGALORE - Infosys Technologies Ltd. posted net profit of Rs.15.40 billion (Rs.1,540 crore) for the second quarter (July-Sep) of this fiscal, registering 7.5 percent year-on-year (YoY) growth as per the Indian accounting standard.

October 8th, 2009 BANGALORE - Infosys Technologies Ltd has projected revenue of Rs.54.76 billion (Rs.5,476 crore) for the third quarter (October-December) of this fiscal (2009-10), indicating a decline of 5.4 percent year-on-year (YoY) as per the Indian accounting standard. In a regulatory filing Friday, the IT bellwether said its consolidated income for this fiscal (FY 2010) was expected to be about Rs.220.55 billion (Rs.22,055 crore), which would be a marginal growth of 1.2-1.7 percent YoY as per the Indian accounting standard.

August 5th, 2009 KOLKATA - IT major Infosys Technologies is looking at acquisitions in Europe, Latin America, the Middle East, Japan and Australia, a top company official said here Wednesday. "The size of the company should be around $450-500 million," Infosys chief executive and managing director S.

August 1st, 2009 BANGALORE - Infosys Technologies (Infosys) has availed the security cover facilitated by the Central Industrial Security Force (CISF) for its vast complex located in Bangalore. A formal function to herald this service was held at the Infosys campus here on Friday.

July 10th, 2009 BANGALORE - Technology meltdown and currency volatility have forced Infosys Technologies Ltd to lower its guidance for the second quarter (July-September) and the entire fiscal (2009-10), projecting a marginal decline in revenues. In its regulatory filing Friday, the IT bellwether said consolidated income in the second quarter (Q2) is expected to be Rs.53.18-54.13 billion (Rs.5,318-5,413 crore), which is a decline of 1.9-0.1 percent year-on-year (YoY), as per the Indian accounting standard.

July 10th, 2009 BANGALORE - Undeterred by the impact of the global meltdown on its revenue and profits, IT bellwether Infosys Technologies and its subsidiaries hired 3,538 people in the first quarter of this fiscal. With retention remaining high, the company and its subsidiaries saw a net decline of 995 employees during the quarter under review as against a net addition of 1,772 in the previous quarter and 3,192 in the year-ago period.

July 10th, 2009 BANGALORE - The meltdown has finally caught up with IT bellwether Infosys Technologies, forcing it to marginally lower its quarterly and annual revenue guidance for the first time even as it managed to stay afloat in the first quarter this fiscal. Infosys saw its revenues decline 2.9 percent to Rs.54.72 billion (Rs.5,472 crore) in the first quarter, from Rs.56.35 billion (Rs.5,635 crore) in the fourth quarter last fiscal.

April 28th, 2009 BANGALORE - Biotechnology major Biocon Tuesday announced a decrease of over 61 percent in its net profit for the quarter ending March 31. In a regulatory statement, Biocon said its unaudited net profit for the last quarter was Rs.241.4 million, compared to Rs.620.3 million - a decrease of over 61 percent.

April 15th, 2009 BANGALORE - Infosys Technologies Ltd posted a consolidated net profit of Rs.59.88 billion (Rs.5,988 crore) for fiscal 2008-09, registering 28.5 percent year-on-year (YoY) growth as per the Indian accounting standard. In a regulatory filing Wednesday, the IT bellwether said consolidated income for the fiscal year under review (FY 2009) was Rs.216.93 billion (Rs.21,693 crore), posting 30 percent YoY growth under the Indian accounting standard.

April 15th, 2009 BANGALORE - India's second largest IT bellwether Infosys Technologies, which survived the impact of slowdown in fiscal 2009, is bracing to stay afloat in a grim fiscal 2010. The global software major managed to meet the consolidated revenue guidance by posting Rs.21,693 crore (Rs.216.93 billion) for fiscal 2008-09, a robust growth of 30 percent year-on-year (YoY) under the Indian accounting standard.

April 15th, 2009 BANGALORE - Infosys Technologies Ltd posted a consolidated net profit of Rs.16.13 billion (Rs.1,613 crore) for the fourth quarter (January-March) of fiscal 2008-09, registering 29 percent year-on-year (YoY) growth but lower by 1.7 percent sequentially as per the Indian accounting standard. In a regulatory filing Wednesday, the IT bellwether said consolidated income for the quarter under review (Q4) was Rs.56.35 billion (Rs.5,635 crore), posting 24 percent YoY growth but lower by 2.6 percent sequentially under the Indian accounting standard.

January 27th, 2009 NEW DELHI - State-run upstream major Oil and Natural Gas Corp Wednesday reported 43.3 percent dip in its net profit for the quarter ended Dec 31, owing to low crude prices. The company's net profit for the third quarter fell to Rs.24.75 billion (Rs.2,475 crore/$506 million) from Rs.43.7 billion a year ago.

January 22nd, 2009 NEW DELHI - Reliance Communications (R-Com), part of the Reliance-Anil Dhirubhai Ambani Group (R-ADAG), Friday reported 2.7 percent increase in net profit in the quarter ended Dec 31. The company posted Rs.14.1 billion (Rs.1,410 crore) net profit in the quarter as against Rs.13.73 billion a year earlier, an official statement said.