IT bellwether Infosys declared its results for the first quarter of the financial year 2011-12. Its consolidated net profit stood at Rs 1,720 crore, down 5.4% as compared to Rs 1,818 crore in previous quarter.
In an interview with CNBC-TV18, Ashok Vemuri, head - banking capital markets & global strategic sourcing; BG Srinivas, head - Europe, manufacturing and engnering services; Prasad Thirukutam, senior VP and head-energy, utilities and services and Haragopal Mangipudi, global head-Finacle, spoke about the first quarter results and gave their outlook going forward. They said, this quarter Europe, in reported currency terms, was weak or flat.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
