Infosys had posted a net profit of Rs 65.71 crore (an over 130 per cent growth over second quarter 1998-99) in the second quarter of last fiscal on revenues of Rs 217.88 crore. Following that chartbusting performance in second quarter 1999-2000, the company's board had declared an interim dividend of Rs 3 per share (30 per cent on an equity share of par value Rs 10).

Infosys closed the last fiscal with a 115 per cent growth in its net profit to Rs 285.95 crore on revenues that grew 80 per cent to Rs 921.46 crore. "We expect more than 100 per cent growth,'' said Ramesh Bhat, a leading player on the BgSE. Though brokers and experts were not worried about India's leading IT company's ability to register high growth rates, sentiments among punters remained dull.