Infosys consolidated Q3 net up 31%

Infosys Technologies today reported a 30.58% increase in consolidated net profit at Rs 649 crore for the third quarter ended December 31, 2005 as against Rs 497 crore in Q3FY05.

According to a release issued by the company to the BSE today, total income increased to Rs 2,527 crore in Q3FY06 from Rs 1922 crore in Q3FY05.

Giving an outlook for the next quarter and the year ending March 31, 2006, the company is expecting an income in the fourth quarter ending March 31, 2006 in the range of Rs 2,590-2,599 crore - a YoY growth between 30.35- 30.80%.

"Earnings per share, before exceptional items, is expected to be between Rs 24.30-24.70 - a YoY growth of 27.83- 29.93%," the release added.

For the fiscal year ending March 31, 2006, income is expected to be in the range of Rs 9,487-9,496 crore - YoY growth of 33.10- 33.20%. "Earnings per share, before exceptional items, is expected to be between Rs 89.90-90.30 - a YoY growth of 30.69-31.27%," the release added.

Infosys and its subsidiaries added 36 new clients during the quarter.

There was a gross addition of 5,135 employees (net 3,226 employees) for the quarter by Infosys and subsidiaries. A total of 49,422 employees are on rolls as on December 31, 2005 at Infosys and subsidiaries.

"We have seen another quarter of steady growth," Nandan M. Nilekani, CEO, president and MD of Infosys, said. "Our initiatives in strategic alignment, capability building and operational excellence are all on track."