Infosys posts 35 percent rise in 2007 first quarter
posted in Outsourcing News and Top Outsourcing deals, Outsourcing to India |Source:www.dailyindia.com
India’s second largest software exporter, Infosys Technologies Ltd., posted a 35 percent rise in first quarter profits on Wednesday.
Nasdaq-listed Infosys develops applications, designs supply chains and offers back-office services.
A company release said its net profit rose to 10.79 billion rupees in the quarter ended June from eight billion rupees reported in the same period a year earlier.
A poll of 10 brokerages had estimated that Infosys’ net profit would be 9.7 billion rupees.
Infosys shares had fallen four percent in April-June.
Infosys Technologies Ltd. provides consulting and IT services to clients globally - as partners to conceptualize and realize technology driven business transformation initiatives. With over 75,000 employees worldwide, it uses a low-risk Global Delivery Model (GDM) to accelerate schedules with a high degree of time and cost predictability.
As one of the pioneers in strategic offshore outsourcing of software services, Infosys has leveraged the global trend of offshore outsourcing.
Infosys was recently applauded by Wired magazine for its unique offshore outsourcing strategy. It provides solutions for a dynamic environment where business and technology strategies converge. Its approach focuses on new ways of business combining IT innovation and adoption while also leveraging an organization’s current IT assets.
