BANGALORE, Oct 12: IT software major Infosys today reported a 21.7 per cent growth in its revenue for the second quarter ended September 30, 2012 at Rs 9,858 crore with the net profit soaring by 24.3 per cent to Rs 2369 crore during the period
Commenting on the performance, Infosys CEO and Managing Director S D Sibulal said ‘global economic uncertainties continue to face the industry’.
He said ‘we have increased employee wages, used some of cash in a transformational acquisition of a consulting business and enhanced our investment in R and D solutions.
‘These initiaties will position us well in the industry and profive a strong platform for future growth’
Sitting pretty with a cash reserve of nearly USD 4 Bn the company had expected the growth for the current fiscal at 17.3 per cent with revenue expected to be at least Rs 39,582 crore as on March 31, 2013.
Commenting on the cash position, Company Chief Financial Officer and Board Member V Balakrishnan said ‘we are focused on high quiality growth despite global cuirrency and economic volatality’.
The company had a net addition of 2,610 employees during the quarter with the gross addition being 10,420.
The total staff strength of the company and its subsidiaries stood at 153,761.
(UNI)
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