Indian outsourcer Infosys has posted a 19% year-on-year
increase in sales for the second quarter ended 30 September.
Second quarter revenues reached £715m. Earnings per share rose
16.7% year-on-year to 32p. The firm trades on the Nasdaq.
The firm said it added 40 clients to its portfolio during the
quarter, along with a net increase of almost 6,000 employees.
S Gopalakrishnan, CEO of Infosys, said, "The challenging
economic environment provides interesting opportunities for
transformational service providers like us."
V Balakrishnan, chief financial officer, said, "We benefited
from the depreciation of the rupee against the US dollar during the
quarter, which was partially offset by the sharp appreciation of
the US dollar against all other major currencies.
"Our liquidity position continues to be strong with cash and
cash equivalents reaching £1.1bn."