Tech and Web NEWS
Infosys Technologies adds staff and awards pay rise
By Thomas Frommherz for CEOWORLD Magazine Updated:October 11, 2009
Get CEOWORLD Magazine digital monthly version. special- Top Capital Cities for a business Traveler, # Interview with Minister of Tourism of Greece. 1 Issues Subscription= $1 Only, 10 Issues Subscription= $5 Only. Grab your copy now!!!!
In a sign of things to come for India’s $60-billion outsourcing sector, the country’s second biggest software services exporter, Infosys Technologies (NASDAQ:INFY) , revised its full-year revenue guidance upwards and also managed to maintain its profit margins, helped by currency fluctuations and increased demand for offshore outsourcing from banking customers.
Infosys said its net profit for the quarter ended September 30, 2009, rose 7.5% year-on-year to Rs 1,540 crore and revenues grew 3% to Rs 5,418 crore. The company reported a sequential growth of 2.1% in revenues and 0.9% in net earnings.
Infosys Technologies on Friday said that global clients were beginning to spend again on IT. However, the company remains cautious, because the recovery is expected to be protracted.
The improvement in the business climate prompted the company to raise its revenue forecast for the year. It also increased the salaries of its employees in India by 8% and declared an interim dividend of Rs 10 per share. In the second quarter ended September 30, the company’s revenues increased by 3.1% over that in the corresponding quarter last year.
Infosys Technologies said yesterday it had begun adding staff again and had awarded its workforce a pay rise as India’s information technology outsourcing sector shows signs of life following the economic crisis.
Like this article! |
|
|
|
|
(No Ratings Yet)
Loading ...17112 views
Comments
Grab a copy of CEOWORLD Magazine for $1 only!!!
