The country’s second largest software firm Infosys has reported a 15.72 percent jump in consolidated net profit to Rs 1,722 crore for the first quarter ended 30th June 2011.

The company on Tuesday had posted a net profit of Rs 1,488 crore for the same quarter of the previous fiscal (2010-11), Infosys said in a filing to the Bombay Stock Exchange.

“We have re-organised the company to be more industry domain-focused, which will accelerate innovation and make us more responsive to clients’ needs. We believe that Infosys is well positioned to be a transformational partner for large clients even as they navigate through uncertain times,” Infosys CEO and Managing Director S Gopalakrishnan said on Tuesday.

The company’s revenues rose to Rs 7,485 crore in the first quarter from Rs 6,198 crore in the year-ago period, up 20.76 percent.

Infosys expects revenues to be in the range of Rs 7,699 crore and Rs 7,810 crore (y-o-y growth of 10.8 percent to 12.4 percent) for the quarter ending 30th September 2011.

In addition, the company forecast its revenues would be in the range of Rs 31,777 crore and Rs 32,311 crore (y-o-y growth of 15.5 percent to 17.5 percent) for the fiscal ended 31st March 2012.

“We continue to focus on high quality growth, balancing both revenue growth and margins,” Infosys Member of the Board and Chief Financial Officer V Balakrishnan said.

As of 30th June 2011, Infosys’ cash and cash-equivalents, including investments in available-for-sale financial assets and certificates of deposit, stood at Rs 16,969 crore, as against Rs 16,005 crore as of 30th June 2010.

Infosys, which has Goldman Sachs, BT Group and BP Plc among its clients, added 26 new clients during the quarter.

At the end of 30th June, the company had 1,33,560 employees, including 2,740 new staff inducted during the first quarter.