The markets today were expecting a lot from the results of the IT major Infosys Technologies. Infosys, India's leading IT firm has posted its results, which have rather been very lower than expected. The quarter ended December results were disappointing for Infosys.

The poor results reflected on the stock price as well, as it was trading 3 percent lower. The profit after tax (PAT) however rose to Rs. 1,780 crore from Rs. 1,737 crore in last quarter which meant a growth of 2.47 per cent over the last quarter. This quarter the revenue figures were Rs. 6,947 crore, as compared to last quarter's figures of Rs. 7,106 crore.

The revenue was revised upwards for the entire year from Rs. 27,170 crore to Rs. 27,481 crore and the earnings per share (EPS) for the year also headed for an upwards revision from Rs. 117 to Rs. 118.90. The experts believe that the next quarter will be a touch better than this one as the macroeconomic view is expected to stabilize.