Infosys Q3 revenues grow sequentially by 6.1%*

• Crosses US$ 3 bn in revenues in the first nine months
• Revenues expected to grow 35.0% - 35.2% in Fiscal 2008

*US GAAP

 

Consolidated results for the quarter ended December 31, 2007

• In US GAAP terms, third quarter revenues are at $ 1,084 million, up 32.0% from the corresponding quarter last fiscal
• In Indian GAAP terms, Q3 revenues are at Rs. 4,271 crore
• 47 new clients were added during the quarter
• Gross addition of 11,683 employees (net 8,100) for the quarter
• 88,601 employees as on December 31, 2007 for Infosys Technologies Limited and subsidiaries

* Excluding tax reversal of US$ 13 million, EPS will be US$ 0.52

 

Commenting on the results, S. Gopalakrishnan, CEO and Managing Director said, "We see several opportunities for growth in the marketplace and have concluded several multi-year, multi-million deals during the quarter. We believe that our ability to handle large, complex programs using the Global Delivery Model provides a compelling value proposition to global customers seeking efficiency in a challenging macro-environment."

 

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