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2 points   posted on 04/15/08
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Next_wave18o
49%
-4.08%
 risk: moderate

Does it like a good buy ? after the results declared..Any opinions?


Software major Infosys Technologies on Tuesday announced a consolidated net profit of Rs 4,659 crore (Rs 46.59 billion) for the year ended March 31, a 20.82 per cent growth over the corresponding period a year ago. Infosys had a consolidated net profit of Rs 3,856 crore (Rs 38.56 billion) for the year ended March 31, 2007, the second-largest exporter of software services said in a filing to the Bombay Stock Exchange.



The consolidated total income rose to Rs 17,396 crore (Rs 173.96 billion) for the year ended March 31, 2008 from Rs 14,265 crore (Rs 142.65 billion) in the year-ago period.



The company declared a final dividend of Rs 7.25 on shares of Rs 5 each (145 per cent) and a special dividend of Rs 20 per share (400 per cent on an equity share of face value of Rs 5).



Source- Rediff.com

  Related to:  
INFY Infosys Technologies Ltd


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Keven Lin   40%     2 points   commented 587 days ago reply

I would be cautious. US market slowdown is lowering IT spendings which have ballooned over last few years. Outtsourcing companies such as Infosys are likely to be the first victims.


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