Infosys Technologies has reported a revenues of INR57.41bn for third quarter of 2009, a decrease of 0.8% compared to INR57.86bn for the same period last year.
The company posted a gross profit of INR24.78bn, compared to INR25.19bn and an operating profit of INR17.84bn, compared to INR18.38bn for the same period last year.
For the quarter ended December 31, 2009, the company posted a net profit of INR15.59bn, a decline of 3.6% compared to INR16.35bn for the same period a year ago.
Financial services segment revenue was down to INR19.85bn from INR20.22bn, manufacturing segment revenue was down to INR11.06bn from INR11.34bn while telecom segment revenue was dropped to INR9.28bn from INR9.69bn. Retail segment revenue rose to INR7.54bn from INR7.27bn for the same period last year.
In dollar terms, the company posted revenues of $1.23bn, compared to 1.71bn, while Net profit was $334m, compared to $332m for the same period last year.
Gopalakrishnan, CEO and managing director, said: Global economic recovery seems to be led by the US and the Financial Services. Even though IT budgets are expected to be flat in 2010, offshore outsourcing is expected to benefit from this recovery.
Looking ahead, the company forecasts consolidated revenues to be in the range of $1.24bn and $1.25bn for the quarter ending March 31, 2010. For full year, the company expects revenues to be in the range of $4.75bn and $4.76bn.
