Infosys net up four percent for fiscal 2010

By IANS,

Bangalore : Infosys Technologies Ltd posted a net profit of Rs.6,219 crore (Rs.62.19 billion) for fiscal 2009-10, registering a marginal increase of four percent year-on-year (YoY) from Rs.5,975 crore (Rs.59.75 billion).


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In a regulatory filing Tuesday, the IT bellwether said its consolidated income for the entire fiscal under review (FY 2010) grew by 4.84 percent to Rs.22,742 crore (Rs.227.42 billion) from Rs.21,693 crore (Rs.216.93 billion) as per the Indian accounting standard.

Under the International Financial Regulatory System (IFRS), net income grew marginally by 2.5 percent YoY to $1.3 billion (Rs.57.64 billion) from $1.28 billion year ago and consolidated revenue to $4.8 billion from $4.66 billion, which is a modest increase of 3.1 percent YoY.

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