Amid sliding rupee, Infy net up 33 pc

CIOL Bureau
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BANGALORE, INDIA: IT bellwether Infosys Ltd posted net profit of Rs.2,372 crore (Rs.23.7 billion) for the third quarter (October-December) of this fiscal (2011-12), registering a record 33 per cent year-on-year (YoY) growth as per the Indian accounting standard.


In a regulatory filing Thursday, the IT bellwether said its consolidated revenues for the quarter (Q3) under review increased to Rs.9,298 crore (Rs.92.98 billion), posting 31 per cent YoY.

Sales rose 14.8 per cent to Rs 9,298 crore in the third quarter against Rs 8,099 crore in the second quarter.

Under the International Financial Regulatory System (IFRS), net income grew 15 per cent YoY to $458 million and gross income to $1.81 billion, up 14 percent YoY for the third quarter.

(With inputs from NDTV)