Infosys Q2 net up 9.72% at Rs 1,906 crore

The country's second largest software firm Infosys on Wednesday reported a 9.72 per cent jump in consolidated net profit Rs 1,906 crore for the second quarter ended September 30.

The company had posted a net profit of Rs 1,737 crore for the September quarter of the previous fiscal (2010-11), Infosys said in a filing to the Bombay Stock Exchange.

The consolidated revenue of the country's second largest software exporter rose to Rs 8,099 crore in the reporting period from Rs 6,947 crore in the year-ago period, translating into a 16.58 per cent increase.

"The global macroeconomic environment is still uncertain.

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It is and should be a concern for the IT industry. In this scenario, clients are looking for new opportunities for growth, accelerated innovation and increased returns on investments," Infosys CEO and Managing Director S D Shibulal said in a statement.

Infosys' strategic initiatives and organisational structure will enable it to build long-term partnerships with clients and help drive their business objectives, he added.

Revenues are expected to be in the range of Rs 8,826 crore to Rs 9,012 crore for the quarter ending December 31, a year-on-year growth of 24.2 per cent to 26.8 per cent.

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For the fiscal ending March 31, 2012, ithas estimated revenues of Rs 33,501 crore to Rs 34,088 crore, a y-o-y growth of21.8 per cent to 24 per cent, the statement said.

The company's board has proposed an interimdividend of Rs 15 per equity share.

Infosys saw the gross addition of 15,352employees during the quarter, while net additions amounted to 8,262 people. Thetotal headcount of Infosys and its subsidiaries stood at 1,41,822 employees asof September 30, 2011.

The company added 45 clients during thereporting quarter.

As on September 30, 2011, Infosys' cash andcash-equivalents, including investments in available-for-sale financial assetsand certificates of deposits, stood at Rs 18,601 crore, as against Rs 17,388crore on the corresponding day last year.

"The global currency market continuesto remain highly volatile on the back of the weak economic recovery in most ofthe developed markets," Infosys Member of the Board and Chief FinancialOfficer V Balakrishnan said.

The continued focus on adding measurablevalue to clients, coupled with Infosys' flexible financial model, will enablethe company to make the right investments without compromising on high-qualitygrowth, he added.

On a standalone basis, the company hasreported a growth of 11 per cent y-o-y in net profit to Rs 1,822 crore.

Infosys' revenues rose to Rs 7,470 crore inthe July-September quarter from Rs 6,425 crore in the same period last fiscal.

The software firm Infosys had reported a 15.72 per cent jump in consolidated net profit to Rs 1,722 crore for the first quarter ended June 30, 2011.