In rupee terms, Infosys posted a rise of 33% in its profits, helped by a weak Rupee. Revenues for the quarter stood at over Rs. 5,800 crores, beating expectations.
However, the company lowered its guidance for the year and said that the fiscal 2008-09 would be a bad one overall. The company added 30 new clients in the quarter and also raised its headcount by 5,000 employees. The company is also sitting on a large cash-reserve.
Infosys' Chairman clarified that the company remained unaffected by the Satyam scam.
Infosys shares on the BSE and NSE and its ADS on Nasdaq, rose sharply on the results.
[With inputs from AP and The Hindu]