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SOFTWARE INDUSTRY NEWS |
Infosys announces financial results for first quarter ended June |
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Infosys has reported its consolidated results for the quarter ended June 30, 2010. Revenues were $ 1,358 million for the quarter ended June 30, 2010, growing 21% year-on-year and 4.8% against the previous quarter. Net income after tax was $ 326 million, declining 6.6% against the last quarter though growing 4.2% year-on-year.  The company's earnings per American Depositary Share (ADS) was 0.57. Infosys added 38 clients during the quarter and a net of 1,026 employees, strengthening its workforce to 1,14,822. For the quarter ending September 2010, Infosys expects revenues in the range of $ 1,413 million to $ 1,427 million; earnings per ADS be in the range of $0.59 to $0.60. For the fiscal year ending March 2011, it expects revenues in the range of $5.72 billion to $5.81 billion, and earnings per ADS between $2.42 to $2.52. |
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