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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (5025)	7/9/1999 1:16:00 AM
From: Mohan Marette	Read Replies (1) \| Respond to of 12475

Infosys Q1 net soars (Nasdaq:INFY) Friday July 9, 12:47 am Eastern Time BOMBAY, July 9 (Reuters) - Three months to June 30 (in million rupees unless stated) Net profit 606.1 vs 236.7 Total income 1,840.6 vs 984.3 Exports 1,686.2 vs 963.8 Domestic 16.5 vs 11.5 Other income - Interest & others 56.6 vs 9.0 Exchange difference 81.3 vs -- Software development expenses 891.9 vs 558.3 Admininstration and other exps 136.1 vs 99.9 Provision for contingencies 33.3 vs -- Provision in investment in subsidiaries -- vs 10.0 Total expenses 1,061.3 vs 668.2 Interest -- vs -- Depreciation 93.2 vs 49.4 Tax 80.0 vs 30.0 Extraordinary income -- vs -- biz.yahoo.com ================ Infosys shares soar 8 pct on Q1 results BOMBAY, July 9 (Reuters) - Shares of Indian software firm Infosys Technologies Ltd surged eight percent on the Bombay Stock Exchange (BSE) at start of trading on Friday after the firm announced impressive 1999/2000 (April-March) first quarter results, dealers said. Minutes after trading started, the stock jumped 297.15 rupees to 4,012.15 on the BSE. Infosys announced a net profit of 606.1 million rupees for the quarter ended June 30, 1999, compared to 236.7 million in the year-ago quarter. The firm's total income soared to 1.84 billion rupees in the quarter from 984.3 million in the earlier period. ''The performance is very strong. People will be forced to revise their earnings upwards,'' said Aniruddha Dange, analyst at ABN Amro Asia Equities (India) Ltd. ''Net profit was generally expected between 500 million to 530 million rupees but the actual number is far higher,'' he said. biz.yahoo.com