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Infosys net up 52 percent in second quarter

Bangalore, Oct 11 (IANS) Infosys Technologies Ltd posted net profit of Rs.9.3 billion ($203 million) for the second quarter (July-September) of the current fiscal (2006-07), registering a record 52 percent year-on-year (YoY) growth and 15 percent sequentially.

Wednesday, October 11, 2006 | 10:09:00 AM IST (+05:30 GMT)
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Bangalore, Oct 11 (IANS) Infosys Technologies Ltd posted net profit of Rs.9.3 billion ($203 million) for the second quarter (July-September) of the current fiscal (2006-07), registering a record 52 percent year-on-year (YoY) growth and 15 percent sequentially.

In a notification to the stock exchanges here Wednesday, the company said the consolidated income for the quarter under review (Q2) was Rs.34.51 billion, posting a YoY growth of 50 percent and 20 percent sequentially under the Indian GAAP (generally accepted accounting principles).

Under the US GAAP, the net income was $199 million and consolidated income $746 million, registering YoY growth of 44 percent and 42 percent respectively.

Copyright : Indo-Asian News Service
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