Tuesday, January 13, 2009

Infosys on stronger-than-expected Q3 results

Infosys Technologies posted a 14.59% rise in net profit to Rs 1641 crore in Q3 December 2008 over Q2 September 2008.

The company announced the Q3 December 2008 results before trading hours today, 13 January 2009.


The strong growth in net profit was mainly due to the depreciation of the rupee against the dollar.


The company has marginally increased its FY 2009 revenue guidance by around 1% to Rs 21,552-21757 crore. EPS guidance is increased by 1.8% to Rs 102.9.

The stock of Infosys Technologies was up by more than 5% at Rs 1217.90 at 11.10 am.

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