Infosys Q1 net up 41%

BANGALORE: Infosys Technologies has registered a 41 percent increase in its net profit to Rs 394.47 crore during the first quarter of 2004-05 fiscal as against Rs 278.12 crore, a year ago.

India's second largest software exporter registered a total income of Rs 1489.38 crore, for the April-June quarter this year, as compared to Rs 1114.42 crore, last year. This represents a growth of 33 percent.

The group, which includes its BPO arm and other subsidiaries, has posted a net profit of Rs 388.34 crore for the quarter ended June 30, 2004 as compared to Rs 278.92 crore, recorded the previous year. Total income has increased from Rs 1126.64 crore in the first quarter of 2003-04 to Rs 1533.08 crore in the first quarter of 2004-05.

"We have seen strong revenue growth during quarter," said Nandan M Nilekani, CEO, President and Managing Director of Infosys Technologies. "Our robust and scaleable business model, along with our track record for superior execution, has enabled us to respond quickly to enhanced business opportunity in the market place."



For the quarter ending September 30, 2004, the company is projecting consolidated revenue in the range of Rs 1631 crore to Rs 1645 crore, representing a growth of 42 to 43 percent year-on-year. For the fiscal ending March 31, 2005, Infosys aims to touch a total income in the range of Rs 6731 crore to Rs 6772 crore, a growth of 39 to 40 percent.