Infosys Q2 surges by 30.2 pc

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Bangalore, Oct 10: Infosys Technologies, India's second-largest software services exporter announced its quartelry profit of a 30.2 per cent jump, helped by a weaker rupee, beating market forecasts. Infosys said July-September consolidated net profit rose to 14.32 billion rupees ($291 million) from 11 billion rupees a year ago.

Infosys has a net profit of 13.99 billion rupees which has ABN AMRO, Goldman Sachs and Philips Electronics among its clients. India's export-driven software service firms who experienced a scorching pace of growth, have been badly hit by a slowdown in their main US market and a spreading financial crisis.

Shares in Infosys, whose takeover bid for British consultancy Axon Group has been upstaged by a counter offer from a smaller Indian rival, fell 19 percent in July-September, worse than a 4.5 percent fall in the main Mumbai index.

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