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Infosys Technologies Q4 revenues down 1.8%, profit up 2.6%

April 16, 2009August 20, 2014Editor

The software bellwether Infosys Technologies’s business took a hit in FY’09. In the fourth quarter, its revenues fell by 1.8% to $1.1bn while its net profit grew by 2.6% to $321mn. These are figures compiled under IFRS accounting norms. But the company’s figures are much better under Indian accounting norms, due to the rupee’s sharp depreciation against the dollar.

Ouch! November’08 excise collections down 15%

December 16, 2008August 20, 2014Editor

Indian companies are struggling with a decline in demand which is affecting production, a fact visible in the December’08 quarter. If October’08 saw a marginal decline in industrial production after more than a decade of continuous growth, November’08 threatens to be worse. Investors should brace themselves for nasty surprises when the quarterly results are announced.