Ack:- DNA India
Infosys Technologies on Wednesday posted a street-thumping 49.2% rise in first-quarter profit at Rs 794 crore and 45.6% jump in revenues at Rs 3,015 crore on increased orders from its existing customers and depreciation of rupee against major currencies.
The Bangalore-based firm raised its guidance by 10% to project a revenue growth of 40.7% for the entire fiscal of about Rs 13,400 crore.
In April, Infosys had projected its revenues would grow at 30.7% to touch Rs 12,446 crore by March 2007.
The Nasdaq-listed Infosys had posted net profit of Rs 523 crores on revenues of Rs 1967 crores between April and June 2005. Profits grew 19% sequentially over the first quarter, while analysts expected a 10% growth to earn Rs 707 crore.