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Posted by Shyam as Results
Infosys Technologies has reported a better than expected q2,2010 results and has beaten the street expectations, The Net profit of Infosys stood at Rs1540cr Vs Rs1527 cr in the previous quarter(Q1). The net Revenue(Sales) increased to Rs 5585 cr Vs Rs 5472cr in previous quarter.
The company also announced an interim dividend of Rs10/- per equity share. The company had added 35 new clients in the quarter gone by. Management also said that climate for business has improved.
The net revenue of Infosys in Q2 2010 which is Rs 5585 cr has shown a growth of 3.1% Y-oY and sequentially by 2.1%. While the net profit of Rs 1540 cr after tax grew by 7.5% Y-o-Y.The earning per share of the company now stands at Rs 26.86 cr. The company has also added 6,069 employees in the last quarter indicating a revival in the IT job market.
The total head count of Infosys now stands at 1,05,453 employees as on Sept 30th 2009.
For further analysis on Infosys Q2 2010 results check out the following link.
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