Infosys Q2 net at Rs 1,540cr, up 7.5% y-o-y

Infosys has reported a top line y-o-y growth of 3.1% at Rs 5,585 crore for the quarter ended September 2009. The net profit grew 7.5% to Rs 1,540 crore in the same period. The quarterly EPS stood at Rs 26.86 per share.

Compared to the June 2009 quarter, its revenues grew 2.1% in Q2 FY09, while the net profit has moved up by just under 1%.

Infosys has beaten its Q2 revenue guidance of Rs 5,318-Rs 5,413 crore and also the EPS guidance of Rs 23.67-Rs 24.09.

Infosys CEO S Gopalakrishnan said, "In the second quarter, the business climate has improved. He added, "Clients are now looking to invest in a few strategic initiatives and relationships to maximise value from opportunities when the economic downturn ends." Infosys has added 35 clients during the quarter.

The company has indicated that the third quarter revenues will see a decline in the range of 1.95-2.8 per cent on a sequential basis, while the year end revenues will also dip by 1 - 1.3 per cent. The company has given a revenue guidance of Rs 21,961 crore to 22,055 crore for FY10, which is 1.2%-1.7% higher than in FY09. It expects EPS to be between Rs 99.6-Rs 100 for this financial year, about 4.4%-4.8%  lower than last year.