Infosys net up 7.5 percent in second quarter

September 15th, 2009 MYSORE - Overwhelmed by the sprawling, state-of-the-art campus of IT bellwether Infosys, Congress president Sonia Gandhi Tuesday repeatedly said it gave her an opportunity to "bunk political classes" for a little while. Gandhi visited the Infosys Technologies Ltd campus here to inaugurate the Global Education Centre (GEC-II), the latest infrastructural addition to the IT giant meant for training its new recruits.

September 15th, 2009 MYSORE - United Progressive Alliance (UPA) chairperson Sonia Gandhi Tuesday inaugurated a world-class corporate education centre of Infosys Technologies at its Mysore campus. The facility is an extension of the IT major's Global Education Centre (GEC), which was inaugurated by Prime Minister Manmohan Singh in February 2005.

September 7th, 2009 KOLKATA - The projects proposed by Infosys Technologies and Wipro in a township just outside the state capital has been scrapped, the West Bengal government informed the two IT majors Monday. The projects were to come up in the proposed IT township at Rajarhat near Salt Lake but had become controversial in recent weeks following allegations that land sharks had been involved in acquisition of plots there.

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 - 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 - India's IT bellwether Infosys Technology is bracing for a flat to lower revenue growth till recovery takes place by mid-2010, a top company official said Friday. "We hear from clients that recovery will begin from the middle of 2010.

July 10th, 2009 BANGALORE - Infosys Technologies Ltd posted a net profit of Rs.15.27 billion (Rs.1,527 crore) in the first quarter (April-June) of this fiscal (2009-10), registering 17.3 percent year-on-year (YoY) growth as per the Indian accounting standard. In a regulatory filing Friday, the IT bellwether said the consolidated income for the quarter (Q1) under review is Rs.54.72 billion (Rs.5,472 crore), which is an increase of 12.7 percent YoY as the per the Indian accounting standard.

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.

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.

May 21st, 2009 BANGALORE - Five employees of Infosys Technologies were killed in a road accident in Karnataka's Belgaum district Thursday, police said. The incident took place after the driver lost control over the KSRTC (Karnataka State Road Transport Corporation) Airavatha bus carrying 43 Infosys employees at Hukkeri Taluka in Belgaum, northern Karnataka, 480 km from here.

April 15th, 2009 BANGALORE - Infosys Technologies Ltd has declared a final dividend of Rs.13.50 per share, which is 270 percent on par value of Rs.5 per share, for the just-concluded fiscal 2008-09. In a regulatory filing Wednesday, the IT bellwether said it had made a provision of Rs.7.73 billion (Rs.773 crore) for the dividend payout after the approval by the shareholders at its annual general meeting in June 2009.

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 has projected consolidated income of Rs.221-229 billion (Rs.22,066-22,928 crore) for the new fiscal (2009-10), indicating a single digit growth of 1.7-5.7 percent over the last fiscal (2008-09) as per the Indian accounting standard. In a regulatory filing Wednesday, the IT bellwether said the earnings per share (EPS) for FY 2010 were expected to be in the range of Rs.96.95-101.18, a decline of 7.6-3.3 percent YoY.

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.