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India’s Infosys posts 7.5 pct jump in quarterly profit
Infosys Technologies, India’s second-biggest software firm, posted Friday a surprise 7. Net profit rose to a better-than-expected Kicking off India’s quarterly earnings season, Bangalore-based Infosys said in a statement that revenues climbed three percent to Analysts had forecast the company to post a profit for the three months of nearly 15 billion rupees.
The business environment is “definitely improving,” chief executive Kris Gopalakrishnan said, adding clients were looking to make investments when the downturn ends. Infosys, which had been easing prices to keep customers and attract new ones in the key US and European markets during the global financial crisis, added 35 new clients during the quarter.
The company has raised its revenue outlook by about two percent. It forecasts 200-10 full-year revenues in the range of 4. Infosys shares rose nearly four percent after the results to a day’s high of 2, Shibulal said in the company statement.
Gopalakrishnan said the company expects to see a rise in business despite the recent strength of the rupee, which is riding near a one-year high at Recent deal wins and no further negative news flow are expected to enable IT repor to show resilience in their volume growth this quarter,” Angel Broking’s analyst Hirat Shah said.
Infosys is a pioneer of Repot outsourcing industry that has helped lead the country’s emergence as a major emerging economic power. It was the first of India’s “big four” information technology companies to report second-quarter earnings.
India’s Infosys Q1 profit up India’s second-biggest software exporter Infosys announced Friday a better-than-expected Annnual Infosys Technologies said Wednesday its consolidated net profit for the fiscal fourth-quarter rose 29 percent from a year earlier, but fell sequentially due to the global slowdown. India’s largest software exporter Tata Consultancy Services Monday said net profit rose 4.
Taiwan’s smartphone maker HTC Corp posted a year-on-year 30 percent fall in first quarter net profit as the global economic meltdown hit sales, the company said Monday. US computer giant Hewlett-Packard reported a percent fall in quarterly net profit on Tuesday and said it plans to cut two percent of its workforce, or nearly 6, workers, over the next year.
India’s Tech Mahindra won the bidding Monday for Satyam Computer Services in a sale aimed at giving the fraud-rocked outsourcing giant vital capital and a new beginning.
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SDD – GRI Database
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Connected cars accelerate down data-collection highway December 22, That holiday trip over the river and through the woods to grandmother’s house could turn into nice little gift for automakers as they increasingly collect oodles and oodles of data about the driver. Read more Click here to reset your password.
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