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Infosys Q3 results no surprises

January 11, 2007

Infosys Technologies Ltd has announced its results for the quarter ending Dec-31st, 2006. The results have no surprises and are mostly in-line with expectations. Most brokerage houses were expecting a Q3 net profit of Rs 982 crores except Karvy which was expecting 993 crores and Infy has reported 982 crores.

Infosys full year FY 2007 guidance:

* Revenues: Rs 13853 – Rs 13899 crore
* Growth: 45.5 – 45.98%
* Net Profit: Rs 3602.7 crore
* EPS: Rs 66
* Growth: 46.56%

Infosys stock is down 1.5% and is currently trading at Rs 2130 on the NSE.

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