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Mumbai: Software major
Infosys reported over $1 billion in second quarter fiscal 2008 revenues - an year-on-year
growth of 18.4 per cent. The
Nasdaq-listed company recorded Rs4,106 income for the second quarter (Q2) and
earned a net profit of Rs1,100 crore after tax during the period, against Rs929
crore for the same quarter last year. "We
have achieved another milestone by crossing $1 billion revenues in this quarter,"
S Gopalakrishanan, CEO and MD of Infosys said. "In
an increasingly flat world, our unique business model combined with our value
proposition continued to help our clients grow profitably," he said. Meanwhile,
Infosys said a firmer rupee hit its operating margins in the September quarter
by 50 basis points. Margins
in the September quarter improved by 2.8 percentage points despite the rupee,
and the company did not see any signs of nervousness or lower technology spending,
its chief financial officer said. Infosys
and its subsidiaries added 48 new clients during this quarter.
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