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IT giant Infosys earns profit of Rs 673 Crores

Written by: Staff
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Bangalore, Apr 14 (UNI) Information Technology giant Infosys has earned a net profit before exceptional item (after tax) of Rs 673 crores for the fourth quarter ended March 31 thereby registering a year on year growth of 31.2 per cent.

The income generated during the quarter crossed Rs 2624 crores and the earnings per share, before exceptional item, increased from Rs 19.01 to Rs 24.45.

The consolidated results for the year ended March 31 comprised an income of Rs 9521 crores (YoY growth 33.5 per cent) and the net profit after tax before exceptional item was Rs 2458 crores. The earnings per share before exceptional item increased to Rs 90.06 from 68.79 in the previous year.

Speaking to newsmen here Infosys Chairman and Chief Mentor N R Narayana Murthy expressing happiness on overall performance of the company said " this has been a happy, intense rewarding and exhilarating journey of 25 years. Infosys has created a team of high performers who have consistently demonstrated their ability to build the company of the future," he added.

Chief Executive Officer, President and Managing Director Nandan M Nilekani, who was also present, said ' it took us 23 years to reach the first billion dollars in revenues while we reached the next billion dollars in 23 months. The global IT services industry is showing signs of stronger growth and Infosys is well poised to take advantage,' he added.

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