Infosys net up 39.23

IT bellwether Infosys Technologies has beaten market expectations again, reporting a 39.23 per cent quarterly profit jump on Tuesday despite conservative forecasts till early this year.

Riding recent recoveries in US markets the software and service giant posted a net profit of Rs 388.34 crore in the first quarter of 2004-05. It added 19 new clients to its 400 existing clients in the first quarter this year. A 5 per cent fall in rupee value and uncertainties surrounding the US elections had fuelled the company into giving conservative estimates.

8216;8216;At the beginning of the quarter, we were worried about the rupee dip and the outsourcing debate, but both these have come down,8217;8217; Infosys COO Kris Gopalakrishnan said on Tuesday.