Infosys net drops 3.6 % to Rs. 1,582 cr in Q3

Software services major Infosys Technologies reported revenues of Rs. 5,741 crore in the third quarter of 2009-10. Although these were lower by 0.8 per cent when compared with the earnings in the same quarter of the previous years, top officials of the company said a recovery of the software services industry was imminent. In dollar terms, revenues amounted to $1,232 million in the last quarter, an increase of 5.2 per cent on a year-on-year basis. The company reported a net profit of Rs. 1,582 crore during the quarter, a decline by 3.6 per cent over last year. In dollar terms, however, it made a net profit of $334 million, an increase of 0.6 per cent. Earnings per share (in rupee terms) declined by 3.2 per cent on an annualised basis.

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