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Infosys net up 7.5 percent in second quarter

Friday, October 09, 2009 (09:47:02) Tags: Business, Infosys Bangalore: Infosys Technologies Ltd. posted net profit of Rs.15.40 billion (Rs.1,540 crore) for the second quarter (July-Sep) of this fiscal, registering 7.5 percent year-on-year (YoY) growth as per the Indian accounting standard. In a regulatory filing today, the IT bellwether said its consolidated income for the quarter under review (Q2) increased by 3.1 percent YoY to Rs.55.85 billion (Rs.5,585 crore) under the Indian accounting standard. According to the International Financial Reporting System (IFRS), the global software major's net income, however, declined by 0.9 percent YoY to $317 million on a gross income of $1.15 billion, which is also a decline of 5.1 percent. (IANS)