Q3: Infosys net profit dips 3.6 pc to Rs 1,582 cr

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Q3: Infosys net profit dips 3.6 pc to Rs 1,582 cr
New Delhi, Jan 12: Infosys Technologies on Tuesday, Jan 12, reported a 3.6 per cent decline in consolidated net profit at Rs 1,582 crore for the third quarter ended Dec 31, 2009.

"Income from software services, products and business process management stood at Rs 5,741 crore during the quarter," Infosys said in a filing to the Bombay Stock Exchange.

A marginal decline over Rs 5,786 crore in the year-ago period as per Indian accounting rules, Infosys said.

"We maintained our margins while our cash and cash equivalents reached USD 3.1 billion," Infosys Chief Financial Officer V Balakrishnan said.

Infosys Chief Operating Officer S D Shibulal said, "The contribution to our revenues from our top ten clients grew by 12.2 per cent during the quarter."

During the quarter, the company made a net addition of 4,429 employees. As on Dec 31, 2009, the company had 1,09,882 employees.

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