Infosys has reported a 15.72 per cent jump in consolidated net profit to Rs. 1,722 crore for the first quarter ended June 30, 2011. The firm maintained its full-year dollar revenue growth forecast of 18 to 20 percent.
The information technology index fell 3.7 percent led by decline in Infosys Technologies after the company's first-quarter earnings narrowly missed market expectations. The company had posted a net profit of Rs. 1,488 crore for the same quarter of the previous fiscal (2010-11).
The company's revenues rose to Rs 7,485 crore in the first quarter from Rs. 6,198 crore in the year-ago period, up 20.76 per cent. Infosys expects revenues to be in the range of Rs. 7,699 crore and Rs. 7,810 crore (y-o-y growth of 10.8 per cent to 12.4 per cent) for the quarter ending September 30, 2011. In addition, the company forecast its revenues would be in the range of Rs. 31,777 crore and Rs. 32,311 crore (y-o-y growth of 15.5 per cent to 17.5 per cent) for the fiscal ended March 31, 2012.
As of June 30, 2011, Infosys' cash and cash-equivalents, including investments in available-for-sale financial assets and certificates of deposit, stood at Rs. 16,969 crore, as against Rs. 16,005 crore as of June 30, 2010.
