BANGALORE: Infosys Technologies posted an income of Rs 1,875.61 crore for the third quarter ended December 31, 2004, representing a year-on-year growth of 49 percent. It's net profit after tax stood at Rs 497.34 crore, a jump of 51 percent.
India's second largest software services exporter announced that it added 38 new clients during the quarter and added 2,280 employees in the three month period taking the total strength to 35,229.
"We have seen another quarter of robust growth," said Nandan M Nilekani, CEO, President and Managing Director. Looking forward, the Bangalore based software bellwether projected a income in the range of Rs 1,956 crore to Rs 1,964 crore, a growth of 45 percent, for the three month period ending in March. For the fiscal year ending March 31, 2005, Infosys expects its income in the range of Rs 7,098 crore and Rs 7,107 crore, growing 46 percent.
"Our focus on creating synergies through Infosys Consulting and Progeon at either end of the services chain has enhanced our competitiveness," said S Gopalakrishnan, Member of the Board and COO.
"We have been able to maintain our operating margins despite the appreciation of the rupee," said TV Mohandas Pai, Member of the Board and Chief Financial Officer.