Infosys Technologies will also consider recommendation of dividend on equity shares for the year ended March 31, 2003, along with audited financial results of the company for the quarter (January-March) and year ended March 31, 2003, at its meeting scheduled to be held on April 10, 2003.
Infosys had projected its fourth quarter revenue at Rs 975 crore to Rs 989 crore, a growth of about two per cent compared to 10 per cent achieved in the preceding quarters.
The revenue projection for the fourth quarter stands at Rs 258 crore to Rs 268 crore, about one per cent above the profit achieved in the third quarter.
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In the third quarter (October- December), the company had achieved a revenue of Rs 958 crore against its guidance of Rs 890 crore to Rs 904 crore. The company`s net profit is at Rs 256 crore against the guidance of Rs 245 crore to Rs 252 crore.
Morepen Laboratories has informed that it has successfully closed its global depository receipts (GDR) issue on the Luxembourg Stock Exchange.
The issue was fully subscribed. The company has raised $15.25 million (Rs 72.5 crore) through the issue of 5 million GDR at $3.05 per share representing 50 million shares of Rs 2 face value.