Infosys Technologies has reported a 3.6 per cent YoY decline in net profit to Rs 1,582 crore for the third quarter ended December 31, 2009. Total income too saw a decline of close to 1 per cent to Rs 5,741 crore.
On a sequential basis, net profit grew by 2.7 per cent while the topline by 2.8 per cent, indicating some silver lines as the economy is trying to pull itself away from the recessionary quicksand. Earnings per share decreased to Rs. 27.75, showing a 3.2 per cent decline yoy and a 3.3 per cent growth on a sequential quarter basis. The company has said that going forward the EPS for the fourth quarter is expected to fall in the range of 8.3 to 9 per cent, while for the entire year there will be a marginal growth of around 2.5 per cent.
On a sequential basis, net profit grew by 2.7 per cent while the topline by 2.8 per cent, indicating some silver lines as the economy is trying to pull itself away from the recessionary quicksand. Earnings per share decreased to Rs. 27.75, showing a 3.2 per cent decline yoy and a 3.3 per cent growth on a sequential quarter basis. The company has said that going forward the EPS for the fourth quarter is expected to fall in the range of 8.3 to 9 per cent, while for the entire year there will be a marginal growth of around 2.5 per cent.
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