Infosys Technologies Results for the Quarter Ended December 31, 2009 Third Quarter Q3 results
Hyderabad: Technology major Infosys Technologies Ltd today announced its third quarter results (Oct-Dec) for the financial year 2009-10. Highlights of the results:
Q3 revenues sequentially grew by 2.8%
Consolidated results for the quarter ended December 31, 2009
• Income was Rs. 5,741 crore for the quarter ended December 31, 2009; QoQ growth was 2.8%; YoY decline was 0.8%
• Net profit after tax was Rs. 1,582 crore for the quarter ended December 31, 2009; QoQ growth was 2.7%; YoY decline was 3.6%
• Earnings per share decreased to Rs. 27.75 from Rs. 28.66 in the corresponding quarter of the previous year; QoQ growth was 3.3%; YoY decline was 3.2%
Others
• 32 clients were added during the quarter by Infosys and its subsidiaries
• Gross addition of 8,719 employees (net addition of 4,429) for the quarter by Infosys and its subsidiaries
• 1,09,882 employees as on December 31, 2009 for Infosys and its subsidiaries
Commenting on the results, S. Gopalakrishnan, CEO and Managing Director said, the Global economic recovery seems to be led by the U.S. and the Financial Services .
“Even though IT budgets are expected to be flat in 2010, offshore outsourcing is expected to benefit from this recovery.”
Source: Infosys Release.
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