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Technology Stocks : Infosys: First Indian Company on NASDAQ
INFY 17.82-1.2%Jan 9 9:30 AM EST

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To: Mohan Marette who wrote (41)10/8/1999 9:07:00 AM
From: Mohan Marette  Read Replies (1) of 67
 
Infosys Q2 results as per U.S. GAAP

BANGALORE, India, Oct 8 (Reuters) - Indian software firm Infosys Technologies Ltd on Friday released the results for the second quarter for 1999/2000 (April-March) as per U.S. GAAP.

(in million U.S. $)
Revenues 47.94 vs 28.24
Gross profit 21.84 vs 12.17
Amortization of deferred
stock compensation expense 1.29 vs 0.46
Compensation arising from
stock split -- vs --
Net income 14.72 vs 6.16
Basic earnings per ADR
(in $) 0.22 vs 0.10
Fully diluted earnings per
ADR (in $) 0.22 vs 0.10
Total assets 181.22 vs 65.12
Cash and cash equivalents 104.13 vs 21.54
----------

Results for the six months to September 30
Revenues 87.67 vs 51.90
Gross profit 40.95 vs 22.30
Amortization of deferred
stock compensation expense 2.54 vs 0.92
Compensation arising from
stock split -- vs --
Net income 28.03 vs 10.94
Basic earnings per ADR
(in $) 0.42 vs 0.18
Fully diluted earnings per
ADR (in $) 0.42 vs 0.18
Total assets 181.22 vs 65.12
Cash and cash equivalents 104.13 vs 21.54


Note - Infosys Technologies Ltd is the only Indian company
listed on Nasdaq.
Two ADRs are equal to one domestic share.
The company set an interim dividend of 3.0 rupees per
domestic share.The results are unaudited.
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