Bangalore: Faring better than market expectations, software major Infosys Technologies on July 10 reported a 24.83 per cent jump in its income and clocked a net profit of Rs 216.85 crore for the quarter ended June 30 2002, as compared to the corresponding quarter of previous year.

Announcing its audited results after the board of directors took it on record, the company said it recorded revenue of Rs 764.62 crore for the first quarter when compared to Rs 612.52 crore for the quarter ended June 30 2001.

The net profit showed a 14.11 per cent rise from Rs 190.03 crore for the quarter ended June 30 2001, the company said in a statement.

"Revenue growth during the quarter has been robust," Infosys Technologies president and managing director Nandan M Nilekani said. He however added, "We continue to remain cautious due to delays in client and prospect visits arising from adverse travel advisories and due to a challenging global business environment."

The company projected a cautious outlook for the quarter ending September 30 2002, when it said its income was expected to be between Rs 762 crore and Rs 781 crore. For the fiscal year ending March 31 2003, Infosys projected income to be between Rs 3,108 crore and Rs 3,195 crore.

Infosys, the statement said, derived 15.2 per cent of its revenues from the telecom sector during the quarter ended June 30 2002, a marginal dip from 15.4 per cent recorded during the previous quarter ended March 31 2002. "This sector continues to be under pressure."

North America accounted for 72.3 per cent of its revenues, followed by Europe 19.3 per cent, India 1.8 per cent and rest of the world 6.6 per cent.

PTI