Indian outsourcer Infosys sees slower sales and profits growth


Indian outsourcer Infosys sees slower sales and profits growth

Antony Savvas

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.

Philips signs Indian business processing outsourcing deal >>

Indian outsourcer posts big sales and profits increase >>

Email Alerts

Register now to receive IT-related news, guides and more, delivered to your inbox.
By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy

COMMENTS powered by Disqus  //  Commenting policy