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Global technology company, Infosys has lived to market expectations as it declared consolidated revenue for 2011, September quarter.
Market was hoping that Infosys should show its net profit by 11% and that only happened but the company was not expecting this much rise. Though they thought this time it would be a rise, not this much. For the June quarter, company rose to a net profit of over Rs. 1906 crore and by September it was already Rs. 1910 crore. After calculating the amount till 30th September 2011, the profit rose to 8% amounted to Rs. 8,099 crore.
Profits have great impact on share market and that was visible when Infosys share was riding high in morning trade and was already up by 5% in the BSE Sensex and NSE Nifty. MD KR Choksey applauded the news and said that the business has certainly improved since last quarter and company's per share is sold between Rs 143 and 144.
For last two years, Infosys shares were dwindling between high and low, and after long time they have seen such high. This improvement has had a positive impact on their other businesses, and they have also registered growth.
Infosys would remain in the form till rupee does not drop down, so Infosys is keeping a close eye on the rupee and they are also trying to attract attention of their clients to get them involved in their business strategies to keep them hooked.