BANGALORE: Infosys has notched up Rs 626.01 crore for the first quarter,
ended June 30 2001, for the financial year 2001-02. This represents a 68.9 per
cent jump in revenue garnered during the corresponding period last year.
Earnings per share from ordinary activities increased to Rs 28.72 from Rs 18. 34
for the corresponding quarter last year. The total income for the year ending is
expected to touch the Rs 2,500 crore mark.
This performance was marked by the addition of 26 new customers during the
quarter. They included APL, Burlington Northern and Santa Fe Railway Company,
Pinnacle West Capital Corporation, Valeo, Airbus and The LexisNexis Group. This
quarter also witnessed 315 employees being hired by the company, out of which
102 were lateral hires, while the net was 116.
Infosys chairman and CEO N R Narayana Murthy stated, "The economic
environment continues to be challenging and companies around the world seek to
realize higher returns on their technology investments. Our ability to provide
high value solutions to our clients is key to our success in this marketplace.
While we have exceeded our earlier guidance for the first quarter, we have not
seen any material change in the external environment to revise our annual
revenue growth forecast of 30 per cent for fiscal 2002."
The company's total employee strength has increased to 9.947, as on June 30,
2001, from 9,831 as on March 31, 2001 and 6,445 as on June 30, 2000. The number
of software professionals as on June 30, 2001 increased to 8,724 from 8,656 as
on March 31, 2001 and 5,594 as on June 30, 2000.A capital expenditure of Rs
101.74 crore has been incurred during the quarter ended June 30, 2001.
"Our long-term relationship with fortune 500 and other established
corporations enable us to grow even in a challenging economic environment. Our
global delivery model combined with the ability to provide high- quality,
high-value solutions to client is critical to our sustained growth," says
Infosys' managing director, president and COO, Nandan M Nilekani