Mumbai: India's second largest software firm Infosys Technologies announced its results for the quarter ended June 30, 2011. Its consolidated net profit stood at Rs 1,720 crore, down 5.4 per cent as compared to Rs 1,818 crore in previous quarter.
The company's revenues rose 3.2 per cent in the quarter to Rs 7,485 crore. On a full year basis, net profit rose 15.72 per cent from Rs 1,488 crore and revenues rose 21 per cent from Rs 6,198 crore in the year-ago period.
In an interview with CNBC-TV18, IT bellwether's management including managing director and chief executive officer S Gopalakrishnan, chief operating officer SD Shibulal and chief financial officer V Balakrishnan, said the company had achieved upper end of the guidance.
The company, they say, added 26 new clients in Q1. "We won three large deals, three transformational deals in Q1. We signed five platform deals in Q1." The impact of platform deals will be seen in long-term, they added.
According to them, currency impact on margins stood at 0.4 per cent. They see 2.5 per cent fall in FY12 margins, earlier they had guided 3 per cent fall.
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