India's second largest software exporter, Infosys today reported 28.62% growth in consolidated net profit to Rs 30.96 billion for the quarter ended Sept. 30, 2014 as compared to Rs 24.07 billion in the same period last year. On quarter on quarter basis, it posted a rise of 7.28% in the net profit. Market was expecting profit to come at Rs 29.85 billion.

Revenues has increased to Rs 133.42 billion for the quarter ended Sept. 30, 2014 from Rs 129.65 billion for the quarter ended Sept. 30, 2013, representing an increase of 2.91%. On quarter on quarter basis, it posted a rise of 4.48% in the revenues.

Commenting on result, Dipen Shah, head- private client group research, Kotak Securities, ''Infosys results were higher than our estimates, both on the revenues and margins front. The guidance has been maintained, which is along expected lines. The company has improved efficiencies while adding a relatively higher number of employees, which is encouraging.

The new CEO has outlined his strategic vision for the company, which, we believe, should allow Infosys to achieve higher growth rates and sustain margins over the longer term.

We remain optimistic on the future prospects of Infosys.''

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