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Home > Business > Business Headline > Report

Infosys Q1 net up 28%

July 10, 2003 09:54 IST

Infosys has reported a 28 per cent increase in net at Rs 278.12 crore (Rs 2.78 billion) for the quarter ended June 30, 2003 when compared with Rs 216.85 crore (Rs 2.168 billion) in Q1FY03.

Total income has increased 41 per cent to Rs 1,114.42 crore (Rs 11.42 billion) from Rs 789.52 crore (Rs 7.89 billion).

Infosys has projected income from development services and products between Rs 1,086-1095 crore (Rs 10.86-10.95 billion) for the second quarter ending September 30, 2003.

Earnings per share is likely to come in between Rs 42-42.10, according to a release issued by the company to the Bombay Stock Exchange on Thursday.

Giving the full-year projections, the company is expecting an income between Rs 4,420-4,483 crore (Rs 44.20-44.83 billion) and EPS between Rs 162.80-168.50, the release added.

The release quoted Nandan M Nilekani, CEO, president and managing director, as saying: "There is an increased interest in offshore outsourcing as global corporations realise its benefits. Business opportunities continue to grow. The pricing environment, however, remains challenging."

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Number of User Comments: 3

Sub: its no big surprise

Its no big surprise to learn that Infosys has beaten market expectations as it has consistently been doing that. 'under promise and over delivery' has ...

Posted by vinay

Sub: Smart stock price management

Infy's stock had been hovering at 3500-4000 for quite a while. They have decent results last quarter, but they give rockbottom extremely-easy-to-beat guidelines (of 15-20% ...

Posted by Nikhil

Sub: Infosys Q1 net up 28%!!! When will be salary hike

Infosys might have got high respect but for all the employee, joining Infosys was just last option escpecially for freshers. Low salary & low standard ...

Posted by amit



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