Infosys celebrates diwali with fireworks

Dazzling Q2 performance, Ups FY07 Guidance

The suspense is over. Infosys has declared the Q2 results and it has been on the pleasant side.
The company has reported a net profit of Rs 930 crore for Q2 September 2006 as per Indian GAAP, compared to Rs 606 crore for Q2 September 2005, a growth of 53.3%. Consolidated revenue rose 50.4% to Rs 3,451 crore from Rs 2,294 crore. The core operating profit margin (OPM) has inched ahead to 32.1% from 31.9%. On a sequential basis, OPM has risen from 29.5% of Q1 June 2006.

The company's Q2 net profit is up 17.13% at Rs 930 crore (Rs 9.30 billion) from Rs 794 crore (Rs 7.94 billion), quarter-on-quarter, QoQ.

The company's FY07 revenue growth guidance has been revised upwards at 45.5% . Its revenue guidance is of over USD 3 billion.Its revenue guidance is up from Rs 13,400 crore (Rs 134 billion) to Rs 13,899 crore (Rs 138.99 billion) . The EPS guidance is up from Rs 62.25-62.87 to Rs 66.

The stock markets have cheered the infosys results and the stock has hit a 52 week high of Rs. 2044 today before settling at Rs. 2000 levels.

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