Infosys Q2 net up at Rs 1432 cr

Bangalore: Infosys Technologies posted a 30.2 per cent jump in quarterly profit, helped by a weaker rupee, beating market forecasts.

Axon drops Infosys bid in favour of HCL

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.

Axon bid: Infosys still considering its position

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.

Infosys sees strong dollar impacting revenues

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.

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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.