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Posted by Shyam as Opinions
Infosys Technologies Ltd came out with its Q2 results today,Oct 11,2007.The consolidated net profit stood at Rs 1,100 crore for July-September, up 1.9 per cent from Rs 1,079 crore in the quarter ended June 30.The net sales were at Rs 4106 crore in the second quarter, up 8.8 per cent from Rs 3,773 crore from the previous quarter.Year on year basis the company’s net profit grew 18.4 per cent and net income 19 per cent. On a standalone basis net profit was at Rs 1,074 crore against Rs 1,028 crore in the April-June quarter.
It announced a interim dividend of Rs 6 per share .But the markets treated the share of Infosys technologies differently,it went down by 6% and was quoted at Rs 1996.
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