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Infosys Q1 net up 4.2% QoQ

Infosys Technologies has reported a net profit of Rs13.02bn in the quarter ended June 30, 2008 as against Rs12.49bn in the previous quarter. This translates into a sequential growth of 4.2%. This is better than expectations of a slight dip Quarter on Quarter (QoQ).
The company's net sales have increased to Rs48.54bn from Rs45.42bn in the January-March quarter. This represents a sequential growth of 6.8%. This is more or less in line with analysts' estimates. This is also better than the company's guidance of Rs45.7-45.8bn.
The Earnings Per Share ( EPS) for the quarter is Rs22.71 versus Rs21.79 in the last quarter. The company had forecast EPS before exceptional items of Rs20.73.
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