Business climate has improved says Infosys

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 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."

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