Infosys Q2 Income Up 18%, Declares 120% Interim Dividend

Infosys TechnologiesInfosys chief executive Kris Gopalakrishnan has declared the results for the second quarter ended September 30, 2007.

The Indian software giant has posted a 18.4 per cent jump in its net profit, which stood at Rs 1,100 crore for the three months period ended September 30, 2007 as against Rs 929 crore in the corresponding period during last fiscal.

The company has achieved this growth despite the strong rupee admiration against the dollar.

The company’s sales arose 19 per cent to Rs 41.06 billion from Rs 34.51 billion.

Kris Gopalakrishnan, Infosys chief executive, said, “We have achieved yet another milestone by crossing one billion dollars in revenue this quarter. Our unique business model continues to help our clients grow profitably.”

Topline has lifted 21 per cent to Rs 4,260 crore from Rs 3,517 crore by good volume growth exceeding its usual conservative guidance.

The company has added 48 new customers in the same period. Its billing rates rose 1.9 per cent.

Infosys Technologies Ltd. Has also announces an interim dividend of Rs 6 per share, a whopping 120 per cent over each share’s par value of Rs 5.