Infy PAT up by 50 p.c. in Q1

BANGALORE: Infosys

Technologies Ltd has posted a net profit after tax and exceptional items of

Rs 805 crore for the quarter ended June 30, 2006 (Q1 FY 06-07) as compared to Rs

523 crore for the quarter

ended June 30, 2005 (Q1 FY 05-06) with a growth of 53.91 per cent. Total Income

has increased from Rs 1997 crore in Q1 FY 05-06 to Rs 2996 crore for Q1 FY 06-07

showing 50 per cent growth.

The group has posted a net profit after tax, exceptional items and minority

interest of Rs 800 crore for the quarter ended June 30, 2006 (Q1 FY 06-07) as

compared to Rs 532 crore for the quarter ended June 30, 2005 (Q1 FY 05-06).

Total Income has increased

from Rs 2099 crore in Q1 FY 05-06 to Rs 3143 crore for Q1 FY 06-07. Both net

profit and revenues have shown around 50 per cent growth.

The company has revised its outlook for the quarter ending September 30, 2006

and the fiscal year ending March 31, 2007. The income for the quarter ending

September 30, 2006 is expected to be in the range of Rs 3257 crore and Rs 3280

crore with year-on-year growth of 42 per cent to 43 per cent. Earnings per share

are expected to be between Rs 29.47 and Rs 29.78 for the same time.

For the fiscal year ending March 31, 2007, the company has said that the

income is expected to be in the range of Rs 13350 crore and Rs 13400 billion

with a YoY growth of 40.2 per cent to 40.7 per cent. Earnings per share are

expected to be between Rs 124.51 and Rs 125.74 with a growth 38.3 per cent to

39.6 per cent on annual basis.

“Our efforts in building the brand, developing the client base, and

expanding strategic accounts have fueled our robust organic model,” said Nandan

M Nilekani, CEO, President and Managing Director.

“We witnessed strong growth during the quarter and we believe we have the

required scale. execution capabilities and end-to-end service offering to take

advantage of the momentum seen in the marketplace,” said S GopalaKrishnan,

Member of the Board and COO.

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