The India-based business solutions company Infosys
Technologies has announced a second quarter revenue increase of 2.9
percent but profits are still down year-on-year by 5.1 per
cent.
The company expects revenues to increase by between 0.1 and 0.9
per cent in quarter three.
Company CEO and Managing Director Kris Gopalakrishnan said: "In
the second quarter, the business climate has improved.
Clients are now looking to invest to maximise value from
opportunities when the economic downturn ends."
Infosys is investing in the major emerging economies and
continuing to take on new staff. It is developing existing centres
in India, Brazil and China and opening a new one in Mexico.
The company has had a net increase of 1500 new staff during the
last quarter.
T.V. Mohandis Pai, head of education and research said: "In
response to the economic crisis, we have stepped up our investment
in training completely transforming our people strategy."
