Infosys Q3 net up 25%, beats forecast

Infosys Technologies Ltd, India’s No. 2 software services exporter, beat forecasts with a 25.2% rise in quarterly profit on Friday, 11 January 2008, bolstered by increased outsourcing demand from overseas clients looking to cut costs. Infosys, which is also listed on Nasdaq, said net profit rose to Rs12.31 billion ($313.23 million) in the fiscal third quarter ended 31 December, from Rs9.83 billion a year earlier. A Reuters poll of 13 brokerages had forecast Bangalore-based Infosys, whose clients include ABN AMRO and Goldman Sachs, would post a net profit of Rs11.77 billion on revenue of Rs43.26 billion.

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Infosys-Q3-net-up-25-beats-f.html