Software major Infosys Technologies on Friday announced a consolidated net profit of Rs 1,432 crore (Rs 14.32 billion) for the second quarter ended on September 30, a 30.18 per cent growth over the corresponding period a year-ago.
The firm had reported a net profit of Rs 1,100 crore in the September quarter last fiscal, Infosys said in a filing to the Bombay Stock Exchange.
Infosys lowered its dollar earnings forecast for the year, on anticipation of slowing demand from financial services firms, which account for just over a third of its business.
"We have revised our US dollar revenue guidance to reflect the current economic situation and the drastic depreciation of major global currencies against the US dollar," said S Gopalakrishnan, CEO and managing director. "The challenging environment provides interesting opportunities for transformational service providers like us."
In dollar terms, earnings for the quarter ended September 30 rose 19 per cent to $1.2 billion. Profits for the quarter were $525 million, up from $431 million during the same period last year.
Image: Kris Gopalakarishnan, CEO, Infosys addressing a press conference in Bangalore | Photographs: Strdel/AFP/Getty Images
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