Infosys net up 30 percent in second quarter

Bangalore, Oct 10 (IANS) Infosys Technologies Ltd has posted net profits of Rs.14.32 billion for the second quarter (July-September) of this fiscal (2008-09), registering 30.2 percent year-on-year (YoY) growth and 10 percent sequentially under the Indian accounting system.

In a notification to the stock exchanges here Friday, the IT bellwether said its consolidated revenue for the quarter under review (Q2) was Rs.54.18 billion, posting by 32 percent YoY growth and by 11.6 percent sequentially under the Indian accounting system.

Under the international financial reporting standards (IFRS), net income increased by around 17 percent YoY to $318 million and consolidated income by 19 percent YoY to $1.22 billion for the quarter under review.