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Nandan
Nilekani, CEO, president and MD, said, “Our efforts in
building the brand, developing the client base, and
expanding strategic accounts have fuelled our robust organic
model.” The consolidated revenue for the quarter under
review has spiralled by 46 per cent to Rs 3,015 crore from
Rs 2,071 crore during the corresponding period last year and
sequentially by 15 per cent from Rs 2,624 during the crore
last quarter of fiscal 2006. As a result, the earning per
share for the first quarter has increased by 46 per cent to
Rs 28.71 from Rs 19.63 during the corresponding period last
year.
For the first quarter, the original guidance which was given
in April 2006, projected a consolidated income of Rs 2,816
crore. Buoyed by exceptional growth in Q1, the company has
revised its original revenue guidance for FY 2007 to Rs
13,400 crore from Rs 12, 400 crore given in April,
projecting YoY growth of 41 per cent as against 31 per cent
earlier. Similarly, for the second quarter of the current
fiscal, the consolidated income is expected to be about Rs
3,280 crore, projecting YoY growth of 43 per cent.
Meanwhile, the board chose not to announce a successor to
chairman N R Narayana Murthy. Instead, it empowered Nandan
Nilekani to take decisions.
On August 20, Murthy will step down as the chairman, on
turning 60. But he will carry on as the non-executive
chairman and chief mentor as well as an additional director
on the board. The board promoted COO S. Gopalakrishnan and
re-designated him as Infosys' new president, COO and joint
MD with effect from August 21.
Guidance FY 2007 41% Revenue growth Net Profit 50.4%
Year-on-year* Consolidated Revenue 46% Year-on-year New
clients 38 New staff 5,694. |
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