India's second largest software firm Infosys announced its results for the quarter ended June 30, 2011. Its consolidated net profit stood at Rs 1,720 crore, down 5.4% as compared to Rs 1,818 crore in previous quarter.
The company’s revenues rose 3.2% in the quarter to Rs 7,485 crore. On a full year basis, net profit rose 15.72% from Rs 1,488 crore and revenues rose 21% from Rs 6,198 crore in the year-ago period.
In an interview with CNBC-TV18, IT bellwether’s management including managing director and chief executive officer S Gopalakrishnan, chief operating officer SD Shibulal and chief financial officer V Balakrishnan, spoke about the quarter gone by and gave their outlook going forward. The management said the company had achieved upper end of the guidance.
The company, they say, added 26 new clients in Q1. “We won three large deals, three transformational deals in Q1. We signed five platform deals in Q1.” The impact of platform deals will be seen in long-term, they added.
According to them, currency impact on margins stood at 0.4%. They see 2.5% fall in FY12 margins, earlier they had guided 3% fall.
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