Infosys, which counts the BT Group and BP among its top customers said its net profit for the second quarter rose to Rs 1,737 crore, up 16.7% compared to the preceding June period. Revenues during the quarter to September were Rs 6,947 crore, reporting an annual growth of 24.4%.
Its revenues in the year ending March 2011 will be between $5.95 billion-$6 billion, up 25.6% to 26.8% from the previous year.
RBI RATE HIKE SEEN AFTER SEPTEMBER INFLATION RISES TO 8.62%
The annual rate of inflation based on the revamped wholesale price index based rose to 8.62% in September from 8.51% in August.
The central bank has already raised policy rates by 125 basis points in five equal amounts this calendar and was expected to pause, but sticky inflation could force it to continue with monetary tightening.
RBI may lift rates by 25 bps in its November 2 policy review.