Infosys, the number two Indian IT outsourcer, has
reported a 50% increase in quarterly profits. Net profits for the
three months up to the end of June jumped to £94m.
In addition to the higher profits, the company added 38 new
outsourcing clients and 5,700 extra staff during the three-month
period.
The US outsourcing market made up around 65% of the firm’s
sales. A recent report by a US management consultancy said,
however, that 8% of US companies were now planning to place less of
their IT to offshore outsourcers like Infosys.
Infosys also has operations in the US and Europe, but the same
report said that 9% of US companies were also reducing their
onshore outsourcing and in some cases taking back their IT for
internal departments to run.
The report stressed, however, that the overall outsourcing
market was still expanding, but at a slower pace.
Infosys competes against number one Indian outsourcer Tata
Consultancy Services, Wipro, and other companies based on the
Indian sub-continent.
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