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Infosys Q2 net up 24.3% at Rs2,369 crore

Infosys' total revenues rose 21.7% to Rs9,858 crore during the September quarter even as it says global economic uncertainties continue to face the IT industry

 
Mumbai: Information technology company Infosys on Friday reported a 24.3% jump in consolidated net profit to Rs2,369 crore for the second quarter ended 30th September, reports PTI.
 
The company's revenues were up 21.7% to Rs9,858 crore in the second quarter from Rs8,099 crore in the year-ago period, Infosys said in a BSE filing.
 
The company had posted a net profit of Rs1,906 crore for the July-September quarter of the previous fiscal (2011-12).
 
"Global economic uncertainties continue to face the industry. We have increased employee wages, used some of our cash in a transformational acquisition of a consulting business and enhanced our investment in R&D and solutions," Infosys CEO and Managing Director SD Shibulal said.
 
For FY2012-13, the company said it expects its rupee revenue to be at least Rs39,582 crore (a year-on-year growth of 17.3%).
 
These initiatives will position us well in the industry and provide a strong platform for future growth, he added.
 
V Balakrishnan, chief financial officer (CFO) of Infosys will be giving up his position as CFO from 31st October, after six years at the helm of the company's finances.
 
However, he will continue as a member of the Board and will be responsible for three key businesses -- Infosys BPO, Finacle and the India Business Unit.
 
Rajiv Bansal, at present Vice President (Finance) will take over as CFO from 1 November 2012, the filing said.
 

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