Infosys Q1 net profit dips 7.89 pc at Rs 1,488 cr

Written by: Samyuktha
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Mumbai, Jul 13: Against the Rs 1,525 net profit of the Jun 2009-10 fiscal, IT behemoth, Infosys reported Rs 1,488 crore net profit for quarter ended Jun 30, 2010, accounting for a 2.42 per cent dip in the first quarter (Q1) on a Year on Year basis (YoY).

On quarter-on-quarter basis (QoQ), the net profit amounted for a 7.98 per decline cent from the previous quarter's Rs 1,617 crore net profit, the company said on Tuesday, Jul 13 in a regulatory filing to the Bombay Stock Exchange (BSE).

On a positive side, however, the company's consolidated revenue went up to Rs 6,198 crore from the Rs 5,472 crore revenue posted in the 2009 period.

The country's second largest software exporter has revised its consolidated revenue guidance for this fiscal upwards to Rs 26,663 crore, projecting 17.3 percent annual growth.

The shares of the company dipped 2 per cent on the opening bell on Tuesday, Jul 13. As of 12:10 pm, Infosys had further declined 3.06 percent on the BSE.

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