Infosys Fourth Quarter 08 Results meet Expectations

IT major Infosys Technologies has announced their fourth quarter finacial results for the year 2008.

For the quarter ended March 2008 (Q4), Infosys Technologies has posted net profit of Rs 1,249 crore versus Rs 1,231 crore in previous quarter and revenue at Rs 4,542 crore versus Rs 4,271 crore.

The companys operating profit rose 6.17% to Rs 1478 crore in Q4 March 2008 over Q3 December 2007. The core operating profit margin was 32.54%, slightly lower than 32.59% in Q3 December 2007.

Infosys has given guidance of a between 16.3% to 18.3% growth in earnings per share (EPS) to between Rs 92.32 to Rs 93.92 for the year ending March 2009 over the year ending March 2008. It has given guidance of a between 19.2% to 21.1% growth in revenue to between Rs 19894 crore to Rs 20214 crore for the year ending March 2009 over the year ending March 2008.

Highlights of Infosys Tehcnologies Results

Net profit of Rs 4659 crore as against Rs 3856 crore in FY07
Net sales at Rs 16692 crore versus Rs 13893 crore.
FY08 EPS stood at Rs 81.56 as against its guidance of Rs 81.07.