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Infosys Q3 net up 33% at Rs 1,641 cr

Infosys Q3 net up 33% at Rs 1,641 cr
PTI
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First Published: Tue, Jan 13 2009. 10 00 AM IST

Updated: Tue, Jan 13 2009. 10 00 AM IST
Mumbai: Software major Infosys Technologies on Tuesday announced a 33.31% growth in consolidated net profit at Rs1,641 crore for the third quarter ended 31 December, 2008, over the corresponding period a year ago.
The country’s second largest software exporter had a net profit of Rs1,231 crore in the same quarter last fiscal, Infosys said in a filing to the Bombay Stock Exchange.
“Our robust and flexible operating and financial models position us well in the current uncertain economic environment,” Infosys Chief Financial Officer V Balakrishnan said.
The income from software services, products and business process management rose 35.47% to Rs5,786 crore, from Rs4,271 crore in the same period in FY’08.
“Our operating margins during the quarter increased primarily due to depreciation of rupee which was to some extent offset by the depreciation of other major currencies against the US dollar,” Balakrishnan added.
During the quarter, the company, along with its subsidiaries, has added 30 new clients. The company has added 5,997 employees during the quarter, taking the total number to 1,03,078 as on 31 December, 2008, the filing added.
“In a challenging environment our focus is on creating value for clients, running an optimised business, and evolving our business model that will allow us to emerge stronger when the global economy starts recovering,” Infosys CEO and MD S Gopalakrishnan said in a statement.
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First Published: Tue, Jan 13 2009. 10 00 AM IST
More Topics: Company Results | Q3 | Infosys | Corporate | IT |