Wednesday, January 14, 2009
Infosys Profit Rises 33%, Beating Estimates on Orders
Infosys Profit Rises 33%, Beating Estimates on Orders: "Infosys Technologies Ltd., India’s second-largest computer-services provider, said third-quarter profit climbed to a record after winning outsourcing orders from clients seeking to cut costs amid the global recession.
Net income rose 33 percent to 16.4 billion rupees (4 million) in the three months ended Dec. 31, from 12.3 billion rupees a year earlier, Bangalore-based Infosys said today. That’s the fastest pace in six quarters and higher than the 15.4 billion rupee median of 18 analyst estimates compiled by Bloomberg."
Net income rose 33 percent to 16.4 billion rupees (4 million) in the three months ended Dec. 31, from 12.3 billion rupees a year earlier, Bangalore-based Infosys said today. That’s the fastest pace in six quarters and higher than the 15.4 billion rupee median of 18 analyst estimates compiled by Bloomberg."
