Infosys Q3 profit up 28 per cent
By Bangalore | 09 Jan 2004
The company added 30 new clients in the third quarter, raised its outlook for the fourth quarter and for the full year ending March 31. The group expects to earn as much as Rs 49.7 per share for the fourth quarter compared with an earlier estimate of Rs 45.60. The revenues may reach as much as Rs 1,331 crore.
It expects earnings per share of Rs 186.7 for the full year, compared with an earlier estimate of Rs 179.3. The revenues for the fiscal is expected to be Rs 4,835 crore.
The company hired 3,666 employees during the quarter to meet rising demand. That includes 326 people added at Progeon Ltd., Infosys transaction processing unit.
Pricing
has been stable and despite the largest hiring for a quarter,
margins have been maintained, said Mr T.V. Mohandas Pai,
Chief Financial Officer, in a statement issued by the
company in Bangalore.
