BANGALORE, INDIA: IT major Infosys Technologies said on Tuesday that its net profit for the quarter ended on December 31 rose to Rs.1,641 crore,  up by about 14.6 per cent compared to the net profit of Rs.1,432 crore recorded for the previous quarter. This amounts to a YoY growth of  33.3 per cent

The company's revenues for the quarter rose 6.8 per cent to Rs. 5,786 crore, compared to Rs. 5,418 crore in the previous quarter, a YoY growth of 35.5 per cent, Infosys said in a press release.

The earnings per share increased to Rs.. 28.66 from Rs.. 21.54 in the corresponding quarter in the previous year; the YoY growth was 33.1 per cent.

The net profit for the quarters ended December 31, 2008 and December 31,2007 includes a net tax reversal pertaining to earlier periods amounting to Rs.. 62 crore and Rs.. 50 crore respectively, Infosys said.

Excluding this reversal, the earnings per share for the quarters ended December 31, 2008 and December 31, 2007 would have been Rs.. 27.58 and Rs.. 20.66 respectively, resulting in a YoY growth of 33.5 per cent.

While Infosys and its subsidiaries added 30 new clients during the quarter, it made a gross addition of 5,997 employees (net 2,772) for the same period. As on December 31, 2008, Infosys and its subsidiaries have a 1,03,078 strong workforce, it said.

“In a challenging environment, our focus is on creating value for clients, running an optimized business, and evolving our business model that will allow us to emerge stronger when the global economy starts recovering,” said S. Gopalakrishnan, CEO and managing director.

“We have seen a decline in attrition this quarter,” said T. V. Mohandas Pai, Member of the Board and Head – HRD and Education and Research. “We have enhanced our investment in training and certification as part of our efforts to improve productivity and capability.”
The company's revenues for the quarter rose 6.8 per cent to Rs. 5,786 crore, compared to Rs. 5,418 crore in the previous quarter, a YoY growth of 35.5 per cent, Infosys said in a press release.

The earnings per share increased to Rs.. 28.66 from Rs.. 21.54 in the corresponding quarter in the previous year; the YoY growth was 33.1 per cent.

The net profit for the quarters ended December 31, 2008 and December 31,2007 includes a net tax reversal pertaining to earlier periods amounting to Rs.. 62 crore and Rs.. 50 crore respectively, Infosys said.

Excluding this reversal, the earnings per share for the quarters ended December 31, 2008 and December 31, 2007 would have been Rs.. 27.58 and Rs.. 20.66 respectively, resulting in a YoY growth of 33.5 per cent.

While Infosys and its subsidiaries added 30 new clients during the quarter, it made a gross addition of 5,997 employees (net 2,772) for the same period. As on December 31, 2008, Infosys and its subsidiaries have a 1,03,078 strong workforce, it said.

“In a challenging environment, our focus is on creating value for clients, running an optimized business, and evolving our business model that will allow us to emerge stronger when the global economy starts recovering,” said S. Gopalakrishnan, CEO and managing director.

“We have seen a decline in attrition this quarter,” said T. V. Mohandas Pai, Member of the Board and Head – HRD and Education and Research. “We have enhanced our investment in training and certification as part of our efforts to improve productivity and capability.”