Infosys records 3.5 % sequential growth

April 14, 2010 12:12 am | Updated November 12, 2016 05:05 am IST - CHENNAI

The consolidated financial data of Infosys shows that the company has reported a sequential growth of 3.5 per cent in its revenues at Rs. 5,944 crore in the fourth quarter ended March 31, 2010 against Rs. 5,741 crore in the previous three months ended December 31, 2009. The year-on-year growth for the fourth quarter was 5.5 per cent, with the revenue for the comparable quarter ended March 31, 2009 being Rs. 5,635 crore.

North America contributed 66.1 per cent of the total revenue in the fourth quarter against 64.6 per cent in the year-ago period.

The net profit for the fourth quarter stood at Rs. 1,600 crore (which included Rs. 48 crore arising out of the sale of the company's investment in OnMobile Systems inc), a rise of 2.6 per cent over the previous three months.

However as compared to the same period in the previous year the net profit has registered a decline of 0.9 per cent.

The company and its subsidiaries have added 47 clients during the last quarter. The net addition to employees was 3,914 taking the total strength to 1.14 lakh. According to T. V. Mohandas Pai, Member of the Board and Head (HRD and Education & Research) Infosys undertook possibly the world's largest career architecture transformation for 1.14 lakh employees, recruited 27,639 employees, enhanced training to over two million person-days.

For the current quarter ending June 30, 2010 the company expects its income to be in the range of Rs. 5,919 crore and Rs. 5,963 crore. While the share capital stood at Rs. 287 crore reserves witnessed a sizable addition of Rs. 4,226 crore to Rs. 21,749 crore as on March 31, 2010 from Rs. 17,523 crore in the year-ago period.

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