Infosys Technologies Q1 2010 Results Announced.Profits Grow By 17.3% Y-o-Y At Rs 1527 Crores.

10 Jul

Posted by Shyam as Results

Infosys Technologies, the second largest software services company in India has announced its Q1 2010 results. For the quarter ending June 30th 2010,Infosys technologies has announced a revenue of Rs 5472 Crores and a net profit of Rs 1527 Crores.

Highlights of the Infosys Q1 2010 results :

The Q1 revenues of Infosys grew by 12.7% Y-o-Y and it sequentially declined by 2.9%. The company recorded an income of Rs 5472 crores for the quarter ending June 30th 2009 and it was a growth of 12.7% Y-o-Y. The net profit after tax of the company stood at Rs 1,527 crores for Q1 2009 and it was a growth of 17.3% Y-o-Y.

The other highlights of the Infosys q1 2010 results include that it gained 27 new clients in the last quarter. It added 3,538 people to its payroll and Infosys now has 1,03,905 employee strength. Infosys has announced that it has cash equivalents of Rs 12,030 crores at the end of June 30th 2009. Given the economic situation, this acts as a cushion at tougher times and to fund the day to day spendings of the company.

Infosys has given a cautious outlook for the coming quarters. Its generally a trend at Infosys to give a weaker or cautious guidance and then beat its own guidance and bring out the best. In the last quarter it had made a profit of Rs 1,613 crores so a sequential fall of 5.3%. It has given a guidance of Rs 21,16 crores for the fiscal year 2010 down from 21,747 crores.

The shares of the company rose by almost 3% to Rs 1726 in the Indian markets followed by an impressive results announced by Infosys. And its ADR rose by nearly 4% in US markets. Many other BSE-IT stocks made decent gains in the market after a good show from Infosys Technologies. Next to follow are TCS and Wipro Technologies. So keep an eye here to get the latest results and their analysis.

To analyze more on the Infosys Q1 2010 results check the link.