Infosys Q4 Results 2010: Rs 1617 crores in profit

The IT major, Infosys Technologies saw a marginal rise of 0.025 percentile in a consolidated net profit of whooping Rs. 1617 crores as per the fourth quarter ended March 31st, 2010. The company had a net profit of Rs. 1,613 in the last quarter of the year 2008-09.

Money coming in from the services, products and management rose to soaring Rs 5944 crores, in the fourth quarter from an amount of Rs 5635 last year. The company’s cash and cash equivalents stood at USD 3.5 billion at the end of March, 2010.

“We maintained our margins in one of the toughest years for the industry. The currency volatility continues to be a concern for the industry. We have an active hedging programme to minimise its impact on our margins,” Infosys CFO V.Balakrishnan said announcing the result. With the financial year ending on March 31st, this IT master has made a consolidated profit of as high as 6266 crores.

“We have been able to take advantage of the opportunities in the market and grow faster due to our investments in capacity and capability building even during the economic downturn”, Infosys CEO and MD S.Gopalakrishnan said.

Infosys has also added 47 other clients to its chart apart from having big companies like Goldman Sachs, BT Group and BP PLC as its other clients. On a standalone basis, the company has posted a net profit at Rs 1430 crore for the March quarter, a decline of 8.85 per cent over the same period last fiscal year.

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