Bangalore: Infosys Technologies posted a 30.2 per cent jump in quarterly profit, helped by a weaker rupee, beating market forecasts.
Infosys, which develops applications, designs supply chains and offers back-office services, said July-September consolidated net profit rose to Rs 1432 crore ($291 million) from Rs 1100 crore a year ago.
A Reuters poll of brokerages had estimated net profit of Rs 1399 crore for Infosys, which has ABN AMRO, Goldman Sachs and Philips Electronics among its clients.
India's export-driven software service firms, who were used to a scorching pace of growth, have been badly hit by a slowdown in their main US market and a spreading financial crisis.
Shares in Infosys, whose takeover bid for British consultancy Axon Group has been upstaged by a counter offer from a smaller Indian rival, fell 19 per cent in July-September, worse than a 4.5 per cent fall in the main Mumbai index.