The scrip hit a high of Rs 2,024. As many as 19,764 shares changed hands in the counter on BSE.

Infosys today reported a net profit of Rs 929 crore for Q2 September 2006 as per Indian GAAP, compared to Rs 606 crore for Q2 September 2005, a growth of 53.3%. Consolidated revenue rose 50.4% to Rs 3,451 crore from Rs 2,294 crore. The core operating profit margin (OPM) has inched ahead to 32.1% from 31.9%. On a sequential basis, OPM has risen from 29.5% of Q1 June 2006.

Both net profit and revenue has surpassed market expectations. Eleven brokerages had forecast between 37.7% to 43.3%, growth in Infosys’ Q2 September 2006 net profit to between Rs 834.80 crore and Rs 868.50 crore, compared to Rs 606 crore in Q2 September 2005. Net sales was projected to expand between 44% and 46.9%, to Rs 3,293.30 crore and Rs 3,370.10 crore, compared to Rs 2,294 crore, in Q2 September 2005.

Infosys has revised upwards its EPS and revenue growth guidance for FY 2007 (year ending 31 March 2007). The company has forecast revenue of between Rs 13,853 crore and Rs 13,899 crore for FY 2007, transforming into projected year-on-year growth of 45.5 - 46%. EPS for FY 2007 is forecast at Rs 66, transforming into a projected year-on-year growth of 46.6%

Infosys Technologies added 45 new clients and 10,795 employees (net 7,741) in Q2.