India’s second largest IT company announced it’s first quarter results which were lesser than what was expected. Infosys profit stood at Rs 1488 crores against Rs 1617 crores, Sales stood at Rs 6213 crores which was marginally up by 4.53%.

Highlights Of Infosys Q1,2011 for the Quarter ending June 30, 2010.

The net income of the company stood ar Ts 6,198 crores for quarter ending June 30,2010. It was 4.3% growth Q-o-Q and 13.3% growth Y-o-Y.

The net profit of the company stands at Rs 1,488 crores which was down by 7% Q-o-Q and down by 2.4% Y-o-Y.

The company added a gross of 8,859 employees(net 1,026) to its payroll.
The company now has 1,14,822 employees.

Infosys managed to add 38 new clients in the last quarter.

Compare the Infosys Q1 2010 Results and Infosys Q4 2010 Results here.

The stock which touched all time high of Rs 2911 yesterday was hammered in the dalal street today and it closed down by 3.44% at Rs 2795 levels due to less than expected results.  All the IT stocks performed badly on the back of Infosys Q1 2011 results today.

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