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Infosys Q2 net up 24.29% at Rs 2,369 cr

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Press Trust of India Mumbai

The company's revenues were up 21.7 per cent to Rs 9,858 crore in the second quarter from Rs 8,099 crore in the year-ago period, Infosys said in a BSE filing.

Company CFO V Balakrishnan will be giving up his position as CFO from October 31, after six years at the helm of the company's finances.

However, he will continue as a member of the Board and will be responsible for three key businesses -- Infosys BPO, Finacle and the India Business Unit.

The company had posted a net profit of Rs 1,906 crore for the July-September quarter of the previous fiscal (2011-12).

 

"Global economic uncertainties continue to face the industry. We have increased employee wages, used some of our cash in a transformational acquisition of a consulting business and enhanced our investment in R&D and solutions," Infosys CEO and Managing Director S D Shibulal said.

These initiatives will position us well in the industry and provide a strong platform for future growth, he added.

Rajiv Bansal, at present Vice President (Finance) will take over as CFO from November 1, 2012, the filing said.

For FY2012-13, the company said it expects its rupee revenue to be at least Rs 39,582 crore (a year-on-year growth of 17.3 per cent).

  

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First Published: Oct 12 2012 | 9:35 AM IST

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