Technology giant Infosys has recorded a 2.42% fall in its consolidated net profit for the three month period ended June 30, 2010.

For the first quarter, the company's consolidated net profit stood at Rs 1,488 crore as compared to Rs 1,525 crore during the same period of the last year.

Income during for the first quarter remained 13.3% up at Rs 6,198 crore from Rs 5,472 crore in 2009.

The company's operating profit grew by 6.8% to Rs 1,755 crore from Rs 1.644 crore.

While addressing a press meet, S. Gopalakrishnan, CEO and Managing Director stated, "While the global economic environment remains uncertain, we continue to see greater demand for services from our clients. The challenge for the industry is to enhance the investment to grow the business, given the uncertainty in the environment."

Out of the company's overall income of Rs 6,198 crore, North America added around 67.3% from 63.8% in the same quarter of 2009 and the contribution by Europe stood at 20.3% (25.7 per cent).

Around 12.4% was contributed by India and rest of the world.

Mr. V. Balakrishnan, Chief Financial Officer, announced that the major worry for the technology giant is unstable currency environment.

Moreover, Infosys has lifted up the guidance for the next quarter ending September 2010, and for the financial year ending March 2011.

For the three month period ended September 2010, IT bellwether has projected an income in the range of Rs 6,563 - 6,626 crore, and Rs 26,441-26,885 crore for the financial ending March 31, 2011.