Infosys Quarterly report from sep to dec 31 ended:

Here i would like to list the important key information about Infosys technologies quarterly result as below
Highlights
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Consolidated results for the quarter ended December 31, 2007
- Income was Rs. 4,271 crore for the third quarter ended December 31, 2007; YoY growth was 16.9%
- Net profit after tax* was Rs. 1,231 crore for the quarter ended December 31, 2007; YoY growth was 25.2%
- Earnings per share* increased to Rs. 21.54 from Rs. 17.64 for the corresponding quarter in the previous year; YoY growth was 22.1%

* The net profit for the quarter ended December 31, 2007 includes a reversal of tax provisions amounting to Rs. 50 crore. Excluding this reversal, the earnings per share for the quarter would have been
Rs. 20.66 resulting in a YoY growth of 17.1%.
Others
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- 47 new clients were added during the quarter by Infosys and subsidiaries
- Gross addition of 11,683 employees (net 8,100) for the quarter by Infosys and subsidiaries
- 88,601 employees as on December 31, 2007 for Infosys and subsidiaries

"We see several opportunities for growth in the marketplace and have concluded several multi-year, multi-million deals during the quarter," said S. Gopalakrishnan, CEO and Managing Director. "We believe that our ability to handle large, complex programs using the Global Delivery Model provides a compelling value proposition to global customers seeking efficiency in a challenging macro-environment.
This is an immediate Release will updated soon
Source:Infosys, NASDAQ, BSE

Important of Current Quarter Model in IT department:

I have give summary about CQM in IT which helping in financial markets.At the University of Pennsylvania, in cooperation with the WEFA Group, Prof. Lawrence R. Klein of University of Pennsylvania has established statistical relationships between some 75 monthly economic and financial indicators and the main entries in the quarterly national income and product accounts (NIPA). This is so-called Current Quarter Model (CQM). The CQM is a purely econometric system with no personal data adjustment. Whenever high frequency indicators are available, partial information on the United States economy can be updated, revising the current (and next) quarter forecasts. Since there is no personal adjustment in the CQM, the CQM forecasts on a forward rolling basis are able to tell the continuous changes in the economy. The graphs in CQM Performance show the history of how CQM was forecasting real GDP growth rates from both expenditure and both income sides, their average growth rate. As for the theory of CQM, refer to "Combinations of High and Low Frequency Data in Macro econometrics Models.