Infosys posts US$411mn net profit in fiscal Q2

- Thursday, October 13, 2011

Infosys posts US$411mn net profit in fiscal Q2

Indian IT firm Infosys (Nasdaq: INFY) posted a US$411mn net profit in its fiscal second quarter, ended September 30, up 9.9% compared to the year-ago period, the firm said in a release.

The company's revenues for the period reached US$1.75bn, a 16.7% increase compared to the year-ago quarter.

Infosys added 45 clients globally during the quarter.

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"The global macroeconomic environment is still uncertain. It is and should be a concern for the IT industry," company CEO and managing director SD Shibulal said. "In this scenario, clients are looking for new opportunities for growth, accelerated innovation and increased returns on investments. Our strategic initiatives and organization structure will enable us to build long-term partnerships with our clients and help them drive their business objectives."

Infosys has more than 50 offices worldwide, while in Latin America it has physical operations in Brazil and Mexico.

Use this link for the full statement.