Infosys Q1 net profit down 8% to Rs 1488 cr

India's second largest IT services exporter - Infosys Technologies has announced its first quarter results of FY11. The net profit declined 7.98% to Rs 1,488 crore as against Rs 1,617 crore, on quarter-on-quarter basis (QoQ).

Revenues jumped 4.27% to Rs 6,198 crore from Rs 5,944 crore.

First quarter numbers of the company were below expectations. CNBC-TV18 poll saw the net profit at Rs 1,564.5 crore and net sales at Rs 6,213.9 crore.

via CNBC-TV18