Infosys on Tuesday posted a marginally lower numbers for the first quarter with a 15.72 per cent jump in consolidated net profit to Rs 1,722 crore for the quarter ended June 30, 2011.
In the previous fiscal, the company had posted a net profit of Rs 1,488 crore for the same quarter.
Narayan Murthy's last address to the AGM before stepping down as Chairman
Infosys' shares tumbled by as much as 6 per cent in early trade on the bourses on Tuesday after the company's announcement of its Quarter 1 results. Market analysts said investors were expecting a better performance.
"We have re-organised the company to be more industry domain-focused, which will accelerate innovation and make us more responsive to clients' needs. We believe that Infosys is well positioned to be a transformational partner for large clients even as they navigate through uncertain times," Infosys CEO and Managing Director S Gopalakrishnan said.
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.
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