Indian outsourcer Infosys
Technologies saw a 24.5% increase in year-on-year sales for the
quarter ended 30 June, but there are signs that its market is
slowing.
Infosys said sales increased to £580m for the quarter, while
profits went up by 16% to around £150m.
In the same quarter last year, the firm saw a year-on-year sales
increase of around 41%, and profits jump 50%.
"Although the global economic environment continues to remain
uncertain and could impact IT spending in the short term, we see
several opportunities for growth as customers relentlessly focus on
improving efficiency," said Kris Gopalakrishnan, Infosys CEO.
But a recent analyst report showed that other offshore IT
processing locations such as Malaysia, the Phillipines and even New
Zealand were now proving to be more attractive locations for
customers.
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