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In Brief: Indian outsourcer Infosys sees revenue soar 50 percent







In Brief: Indian outsourcer Infosys sees
revenue soar 50 percent

In Brief: Indian outsourcer Infosys sees
revenue soar 50 percent
04/14/2005 10:08 AM

Infosys Technologies, India's second largest outsourcer, reported revenue of $1.6 billion for its fiscal year ended March 31, up by 50 percent from $1.1 billion a year ago. Net income for the year also surged, by 55 percent, to $419 million. Infosys said it expects to cross the $2 billion mark in revenue in its current 2006 fiscal year. The strong showing reflects buoyancy in the Indian outsourcing industry as a whole. Provisional figures indicate that India's total exports of software and services grew by 35 percent during the year to March 31, to $17.3 billion, according to Subramanian Ramadorai, chairman of the National Association of Software and Service Companies in Delhi. Infosys and other leading Indian outsourcers have been broadening their services to include business consulting and business process outsourcing, in addition to their core offerings in outsourced software development. Infosys' clients increasingly view the company as a long-term partner that can offer a wide range of services to help them meet their business goals, Nandan Nilekani, Infosys' CEO and managing director, said in a statement.




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