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| According to a release issued by the company to the BSE today, total income increased to Rs 2,338 crore from Rs 1,779 crore in Q2FY05. |
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The board of directors, which met today, has declared an interim divided of 130% i.e Rs 6.50/- per share of Rs 5/- each.
The company added 34 new clients during the second quarter. |
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| "There was a net addition of 6,390 employees in the quarter by Infosys and subsidiaries," according to a release posted on the company website today. The company employed 46,196 employees at the end of September 30, 2005. |
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| "It took us the whole of fiscal 2005 to reach revenue of $1 billion. We have reached the same level in the first six months of the current fiscal," Nandan Nilekani, CEO, president and managing director of Infosys, said. |
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| The company has projected a topline of Rs 2,443-2,452 crore and Rs 9,361-9,383 crore, respectively, for the third quarter and fiscal ending March 31, 2006. |
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| "Earnings per share is expcted to be Rs 23.10 and Rs 89-89.40, respectively, in Q3 and FY06," the release added. The company had earlier projected EPS of Rs 84.70-86 for FY06. |
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Cash and cash equivalents, including investments in mutual funds, increased Rs 528 crore during Q2 from Rs 3,265 crore to Rs 3,793 crore after capital expenditure of Rs 303 crore.
"The pricing environment is stable with an upward bias. We have maintained margins despite record hiring of employees during the quarter," T V Mohandas Pai, member of the board of CFO, said. "The rupee has depreciated during the quarter creating a more benign margin environment," he added. |
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