Me am no Finance Guru or a Market-Watcher but I somehow feel that this piece of news will be profitable for me….atleast indirectly! I can very well count on Two people getting some bonuses which would mean a hefty increase in their wallets which, in turn would qualify for a nice Li'l party Yay to them!
Now for the news:
Infosys Technologies reported a net profit of Rs 673 crore for the fourth quarter ended March 31 2006 as against Rs 649 crore in the same period last year.
Revenues in the fourth quarter stand at Rs 2,624 crore as against Rs 2,532 crore in the corresponding period last fiscal.The company declared a bonus in 1:1 ratio. It has also announced a special dividend of Rs 30/share.
"This has been a happy, intense, rewarding and exhilarating journey of 25 years," said the company's Chairman and Chief Mentor N R Narayana Murthy.
"Infosys has created a team of high performers, who have consistently demonstrated their ability to build the company of the future," Murthy added.
For the full year ended March 2006, the IT major reported a net profit of Rs 2,458 crore – an increase of 33.2 per cent on a year-on-year basis. Revenue jumped 33.5 per cent at Rs.9521 crore.
Other income stands at Rs 72 crore as against Rs 32 crore (y-o-y). Infosys added 38 new clients during the fourth quarter and a net staff addition of 3293 employees.The Earnings Per Share (EPS) for the full year rose 30.9 per cent at Rs.90.06.
Ahemm……so Guys n Gals….(you know whom I mean……) Get out your Bonuses and let's head for the party……………