Infosys Technologies has reported a standalone net profit of Rs 1,186 crore for the third quarter ended December 31, 2007, up 10.42 per cent from Rs 1,074 crore in the quarter ended September.
Net sales for the October-December quarter is Rs 3,999 crore against Rs 3,862 crore for the quarter ended September, a quarter on quarter rise of 3.54 per cent.
On consolidated basis, net profit for the quarter ended December is Rs 1,231 crore against Rs 1,100 crore for the September quarter. This represents a growth of 11.9 per cent sequentially.
Net sales for the quarter is Rs 4,271 crore against Rs 4,106 crore for the quarter ended September, a growth of 4.01 per cent.
Infosys had guided income (consolidated) for the quarter ended December 31, 2007 to be in the range of Rs 4,238-4,258 crore, a growth of 16-16.5 per cent over the corresponding quarter of the previous year. It had estimated earnings per share to be Rs 20.11, a growth of 14 per cent year on year as per Indian GAAP.
On Thursday, the Infosys share closed down 3.22 per cent at Rs 1,602.20 on BSE. From a week ago, the stock has declined 5.46 per cent, and month ago, 8.08 per cent. The 52-week high for the technology bellwether is Rs 2,439 hit on Feb 19, 2007 and low Rs 1,511.15 touched on Nov 22, 2007.
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