Infosys Reported 31 per cent Rise in Q3 Net Profit

Major Indian outsourcing outfit Infosys Technologies reported on Wednesday a 31 per cent rise in its Q3 net profit, while meeting the expectations for the quarter.

The company said that its net profit surged to Rs 642 crore in the quarter ended December 31, 2005, as compared to Rs 496 crore in the year-ago quarter. Infosys’ total income rose to Rs 2,396 crore in Q3 December 2005, from Rs 1,845 crore in December 2004 quarter.
Source: Times of India

Infosys is somewhat reflective of the trends in Indian IT sector, specifically the IT outsourcing sector.