Infosys share up 1.73% on Q3 results
Shares of Infosys Technologies on Friday were up 1.73 per cent at Rs 1,629.90 on BSE after the company posted third quarter results.
By INDIATIMES NEWS NETWORK |
MUMBAI: Shares of Infosys Technologies on Friday were up 1.73 per cent at Rs 1,629.90 on BSE after the company posted third quarter results.
The IT bellwether reported a standalone net profit of Rs 1,186 crore for the quarter ended December 31, 2007, up 10.42 per cent from Rs 1,074 crore in the quarter ended September.
Net sales for the October-December quarter are at Rs 3,999 crore against Rs 3,862 crore for the quarter ended September, a quarter on quarter rise of 3.54 per cent.
On consolidated basis, net profit for the quarter ended December is Rs 1,231 crore against Rs 1,100 crore for the September quarter. This represents a growth of 11.9 per cent sequentially.
Net sales for the quarter is Rs 4,271 crore against Rs 4,106 crore for the quarter ended September, a growth of 4.01 per cent.
In the nine months April-December, Infosys crossed $3 billion in revenues and for the full year ended March 31, 2008 it expects revenue to grow 20 per cent.
OUTLOOK FOR Q4 & FY08
For quarter ending March 31, 2008, Infosys expects income to be in the range of Rs 4,477-4,501 crore, a year-on-year growth of 18.7-19.3 per cent. Earning per share is expected to be Rs 21.38, year-on-year growth of 5.3 per cent.
For fiscal ending March 31, 2008, the company sees income in the range of Rs 16,627-16,651 crore, a growth of 19.7-19.9 per cent. EPS is seen at Rs 81.07, up 5.3 per cent.
The IT bellwether reported a standalone net profit of Rs 1,186 crore for the quarter ended December 31, 2007, up 10.42 per cent from Rs 1,074 crore in the quarter ended September.
Net sales for the October-December quarter are at Rs 3,999 crore against Rs 3,862 crore for the quarter ended September, a quarter on quarter rise of 3.54 per cent.
On consolidated basis, net profit for the quarter ended December is Rs 1,231 crore against Rs 1,100 crore for the September quarter. This represents a growth of 11.9 per cent sequentially.
Net sales for the quarter is Rs 4,271 crore against Rs 4,106 crore for the quarter ended September, a growth of 4.01 per cent.
In the nine months April-December, Infosys crossed $3 billion in revenues and for the full year ended March 31, 2008 it expects revenue to grow 20 per cent.
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OUTLOOK FOR Q4 & FY08
For quarter ending March 31, 2008, Infosys expects income to be in the range of Rs 4,477-4,501 crore, a year-on-year growth of 18.7-19.3 per cent. Earning per share is expected to be Rs 21.38, year-on-year growth of 5.3 per cent.
For fiscal ending March 31, 2008, the company sees income in the range of Rs 16,627-16,651 crore, a growth of 19.7-19.9 per cent. EPS is seen at Rs 81.07, up 5.3 per cent.
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