Infosys Q4 profit up 0.25 pct at Rs 1,617 cr

The company had a net profit of Rs 1,613 crore in the March quarter of the previous fiscal.

IT major Infosys Technologies on Tuesday reported a marginal rise of 0.25 per cent in consolidated net profit at Rs 1,617 crore for the fourth quarter ended March 31,2010.

The company had a net profit of Rs 1,613 crore in the March quarter of the previous fiscal (2008-09),Infosys said in a filing to the Bombay Stock Exchange.

Income from software services,products and business process management rose to Rs 5,944 crore for the fourth quarter from Rs 5635 crore in the year-ago period.

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The company’s cash and cash equivalents stood at USD 3.5 billion at the end of March 31,2010.

“We maintained our margins in one of the toughest years for the industry. The currency volatility continues to be a concern for the industry. We have an active hedging programme to minimise its impact on our margins,” Infosys CFO V Balakrishnan said.

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Algerian-French artist’s work vandalised at Kochi art gallery over ‘obscenity’ allegations

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Algerian-French artist Hanan Benammar's linocut prints were vandalised by two artists at an international exhibition in Kochi. The exhibition, curated by Anushka Rajendran and Damian Christinger, was organised by the Kerala Lalithakala Akademi and opened on October 18.

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