Infosys Q4 net profit up marginally at Rs1,617 crore

Information technology major Infosys Technologies Ltd today reported a marginal rise of 0.25 per cent in consolidated net profit at Rs1,617 crore for the quarter ended 31 March 2010. The company had a net profit of Rs1,613 crore in the fourth quarter of the previous fiscal (2008-09), Infosys said in a filing with the Bombay Stock Exchange.

Income from software services, products and business process management rose to Rs5,944 crore for the fourth quarter, from Rs5,635 crore in the year-ago period. The company's cash and cash equivalents stood at $3.5 billion (about Rs15,590 crore) at end-March 2010.

"We maintained our margins in one of the toughest years for the industry. The currency volatility continues to be a concern for the industry. We have an active hedging programme to minimise its impact on our margins," Infosys chief financial officer V Balakrishnan said.

For the year ended 31 March, the IT bellwether posted a consolidated net profit of Rs6,266 crore, up 4.64 per cent over the year-ago period.

The board has declared a final dividend of Rs15 per share for the fiscal on every share of Rs5 held.

During the fiscal, Infosys's income from software services, products and business process management rose to Rs22,742 crore from Rs21,693 crore in the previous fiscal (2008-09).