Infosys Q3 Results | Infosys FY10 Q3 Results

Infosys beats street estimates, Q3 net at Rs 1582 Cr | Infosys FY10 Guidance | Infosys Technologies FY10 Guidance

Infosys Technologies has declared its third quarter results of FY10.The Results were above street estimates.

It has posted a jump of 2.73% in its Q3 net profit at Rs 1,582 crore as against Rs 1,540 crore in previous quarter.

Revenues went up 2.8% to Rs 5,741 crore versus Rs 5,585 crore.

“Global economic recovery seems to be led by the US and the Financial Services,” said S. Gopalakrishnan, CEO and Managing Director. “Even though IT budgets are expected to be flat in 2010, offshore outsourcing is expected to benefit from this recovery.”

FY10 Guidance

In dollar terms, its Q4 revenues are likely to be at USD 1.24-1.25 billion and EPS at USD 0.56 per share. FY10 revenues are expecting to be at USD 4.75-4.76 billion and EPS at USD 2.26 per share.

In rupee terms, Infosys sees income for the FY10 at Rs 22,473-22,519 crore and EPS (earning per share) at Rs 106.85-107.06.