During the quarter, the IT job market was under pressure due to the global financial crisis. Many IT firms had also postponed some of the new recruitments for next quarter.
Infosys announced its quartelry profit of a 30.2 per cent jump, helped by a weaker rupee, beating market forecasts. Infosys said July-September consolidated net profit rose to 14.32 billion rupees ($291 million) from 11 billion rupees a year ago. However, the results failed to cheer up its shares, which dipped to an intra-day low of Rs 1,040, down over 17 pc from its previous closing price.