India’s second largest software exporter Infosys Technologies has posted a phenomenal increase in net profit for the period Q4 (ending Mar 2011) of the current fiscal (FY11). During the said quarter, net profit rises 17.10% to Rs 1880 crore in comparison to the Rs 1600 crore of Q4 (ending Mar 2010) of previous year(FY10). Infosys Technologies Ltd. is the second-largest IT company in India. The company posted revenue growth below market expectations in the fourth quarter ended March 2011 and shares of the company plunged about Rs 280 today after the results announced.
The company informed the share market(BSE) that the total income increased 22.00% to Rs 7250 crore in quarter ended Apr 2011 when compared with the last years same quarter ended Apr 2010 which was Rs 5892 crore. The company added 34 clients during the quarter Q42011. It registered net addition of 3,041 employees for the quarter by Infosys and its subsidiaries, taking total strength to 1,30,820 employees as on 31st Mar 2011. Infosys expecting more clients as the retail, banking and manufacturing sectors are spending and telecom will also start spending more next year.
The board of directors recommended a final dividend of Rs 20 a share for fiscal FY2011.
Share’s Data :-
BSE Code : 500209
Mkt. Cap: Rs 173,762.85 Crores
Infosys Technologies Ltd. share’s CMP is Rs 3,025.95 on 15th Apr 2011.
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