Technology giant Infosys Technologies, which develops applications, designs supply chains and offers back-office services, has announced better-than-expected results for the three month period ended Sep 30, 2008, helped by a weaker rupee. 

After tax and minority interest, the company has registered a growth of 30.18% in its consolidated net profit, which stood at Rs 14,320 million as against Rs 11,000 million for the corresponding period of the last year (Sep 2007). 

For the period under review, the company’s total income climbed up to Rs 54,840 million from Rs 42,600 million for the quarter ended September 30, 2007.

A Reuters poll of brokerages had guessed net profit of Rs 1399 crore for Infosys.

On standalone basis, the company has posted a substantial increase in net profit for the quarter ended September 30, 2008. 

The company’s profit zoomed 29.42% to Rs 13,900 million as compared to Rs 10,740 million in the same period last year.

Net sales for the said quarter surged 31.18% to Rs 50,660 million, whereas total income for the same period increased 28.41% to Rs 51,430 million, when compared with the prior year period.

The company reported earnings of Rs 24.28 a share during the quarter, registering 29.08% growth over previous year period.

Shares of the company, on Wednesday (Sep 08) lost Rs 49.75 to settle at Rs 1,254 at the Bombay Stock Exchange (BSE). The total volume of shares traded was 346,818 at the BSE.