Infosys Q2 profit rises to Rs. 2,407 crore

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Shivani
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Infosys Q2 profit rises to Rs. 2,407 crore

#1 Postby Shivani » Fri Oct 11, 2013 10:53 am

http://bsmedia.business-standard.com/_media/bs/img/article/2013-03/28/full/1364471307-2679.jpgIT giant Infosys has broken the records and beats expectations again..the company has reported a 1.6 per cent rise in consolidated net profit to Rs. 2,407 crore for the second quarter ended September 30, 2013.Reacting to the results, Infosys’ shares opened 7 per cent higher at Rs. 3,360 from the previous close on the BSE. They later fell to Rs. 3,220 apiece, still up by 3.07 per cent from its previous close.

While the company has posted better-than-expected second-quarter results, its client additions only improved slightly. The Bangalore-based information technology company added 68 new clients, just two more than what it did in the prior sequential quarter.

Infosys has declared an interim dividend of Rs 20 per equity share. The interim dividend will be paid on October 21. The interim dividend declared in the previous year was Rs 15 per equity share.There was a gross addition of 12,168 employees and a net addition of 2,964 for the quarter by Infosys. This takes the total number of employees in the company to 160,227 as on September 30.

This growth is a result of our focus on execution, which helps our clients achieve their objectives,” Infosys CEO and Managing Director S.D. Shibulal said.

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