Infy Q2 beats predictions; income, profit surge

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Infosys
Mumbai, Oct 9: The much awaited Q2 results of the IT major, Infosys show better-than-expected results. The company has posted a net profit Rs 1540 crore for the second quarter of FY09 as opposed Rs 1527 crore in the previous quarter.

For the quarter that ended Sep 30 net sales stood at Rs 5585 crore against Rs 5472 crore on a sequential basis.

The company has also posted a 1.3 per cent rise in income which stands at at Rs. 5,585 (YoY basis). The company reported a surge of 7.5 per cent in the net profit which stands at Rs. 1,540 crore for the quarter.

With the earnings per share (EPS) rising to Rs 26.86 from Rs 25.02, the YoY growth stands at 7.8 per cent. The company declared an Interim dividend of Rs 10 per share which is 200 per cent on par value of Rs 5 per share which is same as previous year's numbers.

Infosys has also posted encouraging guidance for Q3. The company is expecting to see revenues of Rs 5,429 to 5,476 crore and earning per share of Rs 23.35 to 23.56.

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