BANGALORE: Infosys Technologies Ltd. has posted a whopping 136 per cent rise
in its total income while net profit has shot up by 125 per cent during the
third quarter ended December 2000 against the corresponding period in 1999.
Total income during the period rose to Rs 551.54 crore (Rs 233.52 crore
during the corresponding period in 1999-2000) and the company realized Rs 529.24
crore through export of services and products (Rs 224.41 crore).
Total expenses also rose 146 per cent to Rs 332.69 crore (Rs 135.05 crore).
Operating profit was at Rs 218.85 crore (Rs 98.47 crore). While interest stood
at Rs 33.02 crore (Rs 14.46 crore), depreciation was Rs 185.83 crore (Rs 83.99
crore). The company provided Rs 19.50 crore (Rs 10.20 crore) for taxes.
Net profit after tax and extraordinary items was at Rs 166.33 crore (Rs 73.79
crore). Earnings per share rose to Rs 25.14 (Rs 11.16).
In a board meeting held on Tuesday, Infosys has appointed former US Senator
Larry Pressler as an additional director of the company.