India's biggest software giant Infosys announced its first quarterly results for this financial year on Tuesday. There was an 2.4% fall in the net profit. This was due to the financial crisis in European countries which the major reason for this 2.4% fall.
A year earlier, Infosys had made a profit of 15.25 Billion rupees in the first quarter but this year in the first quarter it just made a net profit of 14.88 Billion rupees which is around $316 million.

Infosys has said in a statement the the revenues from US and other new markets had improved but there was an decline in the European markets. After the announcement of their quarterly results, Infosys share went down by 3.25% i.e, 94 rupees in the early afternoon trade. But Mumbai's sensex went up by 0.27%.

In the last quarter, Infosys has added 38 new clients and an addition of 1026 employees which resulted in the total employee strength of 1,15000. Infosys also said that they had planned to hire 36,000 more employees this year.