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Infosys Q3 PAT up at Rs 983 crore
January 11, 2007 09:29 IST
Last Updated: January 11, 2007 15:59 IST
Infosys Technologies has announced its third quarter results. The company reported net profit at Rs 983 crore (Rs 9.83 billion) in the third quarter, up 5.81 per cent versus Rs 929 crore (Rs 9.29 billion) in the previous quarter.
The company's revenues were up 5.91 per cent at Rs 3655 crore (Rs 36.55 billion) versus Rs 3451 crore (Rs 34.51 billion) QoQ.It reported other income at Rs 59 crore (Rs 590 million) in the third quarter compared to Rs 66 crore (Rs 660 milllion) in the previous quarter.
Infosys' net profit margin stood at 26.89 per cent versus 26.95 per cent QoQ and operating profit margin at 32.72 per cent versus 32.13 per cent.
Its Q3 results was in line with markets expectations.
Infosys Q3 net utilisation flat at 67.5 per cent (QoQ)
Infosys added 43 new clients in the third quarter and net employees addition were 3282.
The BPO arm has seen 20 per cent QoQ growth.
Operating Profit Margin
Net Profit Margin
Vertical growth (QoQ)
"Our investments in enriching and synergising our portfolio of services have created compelling value propositions for our clients," said Nandan M Nilekani, CEO and managing director. "As our clients focus on enhancing their competitiveness, they are leveraging our capacity to drive their transformation programs."
"We have delivered double-digit revenue growth in dollar terms for the third consecutive quarter during this fiscal," Infosys COO, president and joint managing director S Gopalakrishnan said.
"We have seen accelerated growth in Europe, which continues to be a key focus market for us," Gopalakrishnan added.
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