Infosys Q1 consolidated YoY net up 37%

Infosys has posted a 33% rise in net profit after tax & exceptional items at Rs 523.85 crore for the quarter ended June 30, 2005 as compared to Rs 394.47 crore in Q1FY05. Total income has increased from Rs 1,489.38 crore in Q1-05 to Rs 1,997.49 crore for the quarter ended June 30, 2005.

According to a release issued by Infosys to the BSE, the group has reported a 37% jump in net profit after tax & exceptional items and minority interest at Rs 531.92 crore for the quarter ended June 30, 2005 as compared to Rs 388.34 crore in Q1FY05. Total income has increased from Rs 1,533.08 crore in Q1-05 to Rs 2,100.17 crore for the quarter ended June 30, 2005.

The board co-opted David L Boyles as an additional director pursuant to section 260 of Companies Act, 1956.

Infosys has stated that its income is expected to be in the range of Rs 2,202-Rs 2,215 crore  for the September quarter-  a YoY growth of 25.88% - 26.62%.

It has forecast earnings per share (EPS) to be between Rs 19.80-20.30; a YoY growth of 18.49% - 21.48%.

For the fiscal year ending March 31, 2006, the tech major expects income to be in the range of Rs 8,947-9,051 crore - a growth of 25.49% - 26.95%.

For FY06, it expects EPS to be between Rs 84.70-86.00 - growth of 23.12% - 25.02%.

"The success of our recently concluded sponsored secondary ADS issue is yet another confirmation of the confidence the world has in our business model," Nandan M Nilekani, CEO, president and managing director, said.

Infosys and its subsidiaries added 36 new clients during the June quarter. While 3,056 new employess were added in the June quarter, the total staff strength till June 30, 2005 stood at 39,806 employees.