Tech and Web NEWS

Infosys Technologies adds staff and awards pay rise

By Thomas Frommherz for CEOWORLD Magazine Updated:October 11, 2009


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.

Infosys-Technologies

Google Buzz

Like this article!

Share this Post:
  • Digg
  • del.icio.us
  • Facebook
  • Google Bookmarks
  • email
  • FriendFeed
  • LinkedIn
  • MySpace
  • RSS
  • StumbleUpon
  • Technorati
  • Yahoo! Buzz
  • Identi.ca
  • PDF
  • Wikio
  • Mixx
  • Print
  • Propeller
  • SphereIt
  • Sphinn
  • Suggest to Techmeme via Twitter
  • Tipd

Get It Delivered To Your Inbox


Readers Rating:
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading ... Loading ...
Popularity:
17112 views
Leave a Comment:
add your comment
Tagged with: , , ,
blog comments powered by Disqus


Follow CEOWORLD Magazine

96357 RSS and 9500 Twitter Subscribers

Enter your email address:

Post a Job on CEOWORLD Magazine

Jobs on ceoworld

CEOWORLD Magazine on Facebook

Market summary



CEOWORLD News

EE Times Europe Launches New Website

EE Times Europe team unveiled its new website: http://www.electronics-eetimes.com/. Presenting a cleaner look, improved [...]

MySpace founders Chris DeWolfe, Colin Digiaro, and Aber Whitcomb to acquire MindJolt with Austin Ventures partnership

MySpace Founders Chris DeWolfe, Colin Digiaro, and Aber Whitcomb today announced a partnership with Austin Ventures, to [...]

General Motors Co. vice chairman, Bob Lutz set to retire

General Motors Co.’s (GM, news: 0.75 0.00 0.00%, cap: N/A, 1yr target: 0.00) vice chairman, Bob Lutz, will retire [...]

Greece Prime Minister George A. Papandreou on Twitter

Greece Prime Minister George A. Papandreou has a Twitter @PrimeministerGR account. Along with his Twitter account, the P [...]

Music streaming service Mog Gets Another $10 Million

MOG, A music streaming service with backing from both Universal Music Group and Sony Music, has raised $9.5 million in a [...]

Advertisement!

CEOWORLD Magazine

Poland Business Guide


cosmos yachting LLC

lucentbyte


Global business networking



An International Business and Online Marketplace offers B2B Leads & promoting B2B Products of Worldwide Importers & Exporters


Get Chitika Premium

Thank you!



Quick Links:     Journalist Association of Europe Member   ·   Careers   ·   Subscription   ·   CEOWORLD Exchange   ·   Contact Us   ·   Terms of Use   ·   About us   ·   Advertise