13 July, 2010
IT major Infosys technologies today plunged as much as 2.6 per cent on BSE in the morning trade after the company posted a dip in first quarter numbers.,
Shares of the company, which carries maximum weight on Sensex after RIL, fell to Rs 2,820.25, down 2.6 per cent on the Bombay Stock Exchange.
The IT bellwether reported a fall of 2.4 per cent in its June quarter net profit. The company's consolidated net profit declined to Rs 1,488 crore against Rs 1,525 crore in the same quarter last year.
However, the consolidated revenue rose to Rs 6,198 crore against Rs 5,472 crore over the year-ago period.
"The results are marginally down which was expected due to pressure on company's revenues in terms of squeezed margins.
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