Infosys Technologies Ltd said its third-quarter profit
rose 28 per cent, exceeding expectations, as it added
new clients and won more business from existing customers.
The net income for the quarter ended December rose to
Rs 328 crore against Rs 256 crore a year earlier.
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.
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.
company hired 3,666 employees during the quarter to meet
rising demand. That includes 326 people added at Progeon
Ltd., Infosys transaction processing unit.
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.