Infosys on Friday posted 24.3 per cent jump in consolidated net profit at Rs 2,369 crore (Rs 23.69 billion) for the July-September quarter, but its guidance disappointed the market pulling down the scrip by about 8 per cent.
Citing global economic uncertainties, Infosys lowered its revenue growth guidance for the current financial year to 17.3
per cent setting off alarm bells.
The company`s net profit was Rs 1,906 crore (Rs 19.06 billion) for the same quarter last fiscal (2011-12).
Infosys said in a statement that its revenues were up 21.7 per cent at Rs 9,858 crore (Rs 98.58 billion) during the second quarter, from Rs 8,099 crore (Rs 80.99 billion) in the year-ago period.