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Infosys shows strong growth

Bangalore: Indian technology and consulting firm Infosys turned in strong world-wide growth in its second quarter to the end of September — and added over 8,000 staff in the period.

Financial highlights include:

  • Revenues were $1,746 million, up 4.5% on the first quarter and 16.7% on the second quarter in 2010,
  • Net income after tax was up 10% t0 $411 million.

The firm added 45 new clients during 8,262 new employees, leaving it with a payroll of 141,000.

"The global macroeconomic environment is still uncertain. It is and should be a concern for the IT industry." said S. D. Shibulal, CEO and Managing Director. "In this scenario, clients are looking for new opportunities for growth, accelerated innovation and increased returns on investments. Our strategic initiatives and organization structure will enable us to build long term partnerships with our clients and help them drive their business objectives."

Looking forward, Infosys expects full year revenues to be over $7 billion — year-on-year growth of between 17% and 19%.

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