Infosys Technologies today surprised the markets by posting better than expected results for the first quarter of the current year and revising upward its guidance for the rest of the year.
Infosys posted a 28.25 per cent increase in net profit to Rs 278.12 crore and a 41.51 per cent increase in total income to Rs 1081.98 crore for the quarter ended June 30, 2003, compared with the corresponding period of last year.
It added 22 new clients during the quarter. Sequentially, net profit was up 7.38 per cent and income 6.09 per cent on the previous quarter.
Despite growing business opportunities as these results indicate,
