BANGALORE, INDIA: IT major Infosys Technologies has posted 7.5 per cent increase in its net profit on annual basis for the quarter ended September 30, 2009.

The company has recorded net profit of Rs. 1540 crore and total income of Rs. 5585 crore for the second quarter of the fiscal 2010, said a press release.

Total income has shown 3.1 per cent increase in year-on-year basis and grown 2.1 per cent sequentially.

Earnings per share increased to Rs.. 26.86 from Rs.. 25.02 in the corresponding quarter of the previous year.

“In the second quarter, the business climate has improved,” said S. Gopalakrishnan, CEO and managing director.

He added that the cients are looking to invest in a few strategic initiatives and relationships to maximize value from opportunities when the economic downturn ends.

Meanwhile the company has revised its quarterly and yearly revenue expectations. For the next quarter (Q3) Infosys expects total income to be in the range of Rs. 5429 crore and Rs. 5476 crore with a year-on-year decline of 6.2 per cent to 5.4 per cent.

Earnings per share is expected to be in the range of Rs.. 23.35 and Rs.. 23.56, said the company statement.

For the fiscal year ending March 31, 2010

Infosys expects its total Income to be in the range of Rs.. 21,961 crore and Rs.. 22,055 crore, a growth of just over 1 per cent on year-on-year basis. Earnings per share is expected to be in the range of Rs.. 99.60 and Rs.. 100.00, said company.

The company has declared an Interim dividend of Rs.. 10 per share which is 200 per cent on par value of Rs.. 5 per share.

During the reporting quarter the company has added 1548 employees (net addition) to take its manpower tally to 105453 employees. While it hired 6,069 people during the second quarter (July-Sep) of this fiscal,  4,521 employees in the quarter under review, the IT bellwether said.