Indian software giant Infosys Technologies Ltd, on Wednesday, said it has posted a net profit of Rs 497
Infosys Technologies Ltd, India's largest listed software services exporter, said on Thursday its quarterly net profit rose 23 per cent, aided by growing outsourcing business, but the result fell short of market expectations.
Infosys Technologies Ltd has posted a net profit of Rs 394.47 crore (Rs 3.944 billion) for the quarter ended June 30, 2004 as compared to Rs 278.12 crore (Rs 2.781 billion) for the first quarter ended June 30, 2003.
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Hexaware Technologies Ltd has posted a substantial jump in its consolidated net profit at Rs 32.88 crore for the year ended December 31, 2003 as against Rs 5.75 crore in the last fiscal.
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Hexaware Technologies Ltd posted a net profit of Rs 74.12 million for the quarter ended December 31, 2002 where as it had posted a net loss of Rs 84.71 million for the quarter ended December 31, 2001.
The Sensex and Nifty remained above their key levels of 36,000 and 10,900 throughout the session, indicating strong investor optimism after a prolonged spell of caution.
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In the broader market, BSE Midcap and BSE Smallcap indices mirrored the gains in headline indices and rose 1% and 0.9% respectively.
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In the interview to Business Standard last week, Chary had stated that the government's proposal to merge was unwarranted and that FTIL shareholders did not benefit from higher dividends from NSEL.
At the end of Q1, Infosys had 1,79,523 employees.
Infosys has already hired 20 such talent.
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It is not that platforms and products are something that Infosys has not tried earlier.
Anant Gupta, HCL Technologies' chief has an amazing success formula to get things done.
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