NEW DELHI: Infosys Technologies Ltd has posted a 48.64 percent increase in net profit to Rs 447.37 crore for the second quarter ended September 30, 2004 as compared to Rs 300.98 crore for the quarter ended September 30, 2003. According to the Indian GAAP, the company's total income increased by 51.88 percent from Rs 1151.80 crore in the SQ-03 to 1,749.33 crore in the quarter ended September 30, 2004.
The company announced an interim dividend of Rs five per share (100 percent on an equity share of par value of Rs percent each) as compared to Rs 3.63 (72.50 percent on an equity share of par value of Rs. 5 each) for the corresponding period in the previous year. The company added 32 new clients during the quarter. The company added 5,010 employees for the quarter.
"Offshoring has become a mega trend in the industry, as more customers leverage their partnership with Infosys to increase their global competitiveness," said Infosys CEO, president and MD Nandan M Nilekani. "We continue to focus on scalability, which is the key to rapid growth, and on differentiation, which is the key to higher client value," he added.