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Infosys likely to open IT centre in Gujarat

19 Jul 2011 Evaluate

Infosys, the nation's second-largest software exporter, has shown interest in opening an IT centre in Gujarat. The Infosys mentor is scheduled to meet the Gujarat Chief Minister Narendra Modi and is likely to discuss the company's plans to set up a centre in the state.

The company’s profit for the quarter ended June 30, 2011 has increased by 15.58% at Rs 1654.00 crore as compared to Rs 1431.00 crore for the corresponding quarter last year. Its total income has grown by 22.10% at Rs 7320.00 crore for the quarter under review from Rs 5995.00 crore for the same quarter last year.

On consolidated basis, the Group’s net profit for the quarter has surged 15.73% at Rs 1722.00 crore as compared to Rs 1488.00 crore for the quarter ended June 30, 2010. Its total income has increased by 23.16% at Rs 7928.00 crore for the quarter under review as compared to Rs 6437.00 crore for the similar quarter of the previous year.

Peers
Company Name CMP
TCS 2088.60
Infosys 1012.80
HCL Technologies 1253.60
Wipro 164.80
Tech Mahindra 1551.60
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