Infosys Q4 profit below expectation; up 2% at Rs 1818cr
India's second largest IT services exporter Infosys Technologies has reported fourth quarter net profit of Rs 1,818 crore, a growth of 2.15% on quarter-on-quarter basis.
April 15, 2011 / 19:56 IST
India's second largest IT services exporter Infosys Technologies has reported fourth quarter net profit of Rs 1,818 crore, a growth of 2.15% Rs 1,779.8 crore in previous quarter.
Revenues went up 2% to Rs 7,250 crore as against Rs 7,105.6 crore on quarter-on-quarter basis. Numbers were below the market expectations - street was expecting net profit at Rs 1,856 crore and revenues at Rs 7,447 crore.S Gopalakrishnan, CEO and Managing Director expects the demand environment to be normal this year for the industry.
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