Infosys’ standalone Q1 net drops 2 25 (12-Jul-2010)
IT major Infosys Technologies has reported a net profit of Rs 1,431 crore for the quarter ended June 30, 2010, down 2.25% compared to Rs 1,464 crore for the quarter ended June 30, 2009. Its total income for the reporting quarter stood at Rs 5,995 crore against Rs 5,369 crore for the year ago period, up 11.66%.
On consolidated basis, the group has posted a net profit of Rs 1,488 crore for Q1 of FY11 against Rs 1,525 crore for the corresponding previous quarter, down 2.43%. Total income during the same period has gone up by 12.12% to Rs 6,437 crore from Rs 5,741 crore for the Q1 of FY10.
Meanwhile, earnings per share (EPS) declined to Rs 26.06 from Rs. 26.76 in the corresponding quarter of the previous year; quarter-on-quarter (QoQ) decline was 7.0%; year-on-year (YoY) decline was 2.6%
The company has guided around 17.5-18.6% growth in consolidated income for the September 2010 quarter. EPS is expected to be in the range of Rs. 27.42 to Rs. 27.95; YoY growth of 1.9% to 3.9%.
For the entire fiscal, it has guided 19-21% growth in consolidated revenues.
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