On the first quarter results of Infosys Technologies, the CEO of Infosys BPO, Swaminathan D, tells CNBC-TV18 that the company has grown by 16% and that eight new clients have been added.
IT bellwether Infosys declared its results for the first quarter of the financial year 2011-12. The management said, this quarter Europe, in reported currency terms, was weak or flat. “It is not surprising, given the current sentiments in Europe. But at the same time, if you look at core businesses, we see a fair degree of stability.”
In an interview with CNBC-TV18, IT bellwether’s management spoke about the quarter gone by and gave their outlook going forward. The management said the company had achieved upper end of the guidance.
Infosys reported a set of pretty unexciting numbers and has predicted that the coming quarters too will be as unexciting. Just missing expectations with a 15.4% rise in profit in the first quarter (April to June) of fiscal year 2012, Infosys reported PAT at Rs 1,720 crore and revenues at Rs 7,485 crore.
Hitesh Shah, Director of IDFC Securities spoke to CNBC-TV18 about Infosys' first quarterly earnings and whether it was inline with his expectations.
Nilesh Shah, MD & CEO, Envision Capital jons CNBC-TV18 to give his views on market performance for the day. Ahead of Infosys results, the Nifty is likely to be impacted by the slowdown in the global markets, he says.
CNBC-TV18’s managing editor Udayan Mukherjee thinks it’s a sideshow today as Infosys is an important stock with significant weightage on the index. It’s the first of the big earnings post HDFC which is coming in for IT.