Q4: Infosys net profit at Rs 1,617 crore

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Q4: Infosys net profit at Rs 1,617 crore
Mumbai, Apr 13: Infosys Technolgies on Tuesday, Apr 13, reported a 0.25 percent growth in the net profit at Rs 1,617 crore during the fourth quarter ended Mar 31, 2010.

The company in a filing to the Bombay Stock Exchange said, Infosys had a net profit of Rs 1,613 crore in the Mar quarter of the previous fiscal (2008-09).

Infosys' Chief Financial Officer V Balakrishnan said, "We maintained our margins in one of the toughest years for the industry. The currency volatility continues to be a concern for the industry. We have an active hedging programme to minimise its impact on our margins."

Income from software services, products and business process management rose to Rs 5,944 crore for the fourth quarter from Rs 5,635 crore in the year-ago period.

The company's cash and cash equivalents stood at USD 3.5 billion at the end of Mar 31, 2010.

Infosys, which has Goldman Sachs, BT Group and BP Plc among its clients, added 47 clients during the quarter.

At the end of Mar 31, the company had 1,13,796 employees, which includes a net addition of 3,914 staff during the fourth quarter.

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