Infy @ Q3, 2007

Infosys Technologies Limited announced their financial results for its Third Quarter ended December 31, 2007 some two days back. Infosys crosses US$ 3 billion in revenues in the first nine months. Q3 revenues grew sequentially by 4.02%. Revenues expected to grow 20% in Fiscal 2008

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Highlights
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Consolidated results for the quarter ended December 31, 2007
- Income was Rs. 4,271 crore for the third quarter ended December 31, 2007; YoY growth was 16.9%
- Net profit after tax* was Rs. 1,231 crore for the quarter ended December 31, 2007; YoY growth was 25.2%
- Earnings per share* increased to Rs. 21.54 from Rs. 17.64 for the corresponding quarter in the previous year; YoY growth was 22.1%

* The net profit for the quarter ended December 31, 2007 includes a reversal of tax provisions amounting to Rs. 50 crore. Excluding this reversal, the earnings per share for the quarter would have been
Rs. 20.66 resulting in a YoY growth of 17.1%.

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Others
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- 47 new clients were added during the quarter by Infosys and subsidiaries
- Gross addition of 11,683 employees (net 8,100) for the quarter by Infosys and subsidiaries
- 88,601 employees as on December 31, 2007 for Infosys and subsidiaries