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Thursday, April 17, 2008

Infosys grows revenue by 26 per cent

India is really doing a great job in terms of IT development. Local banks tends to outsource a considerable amount of IT related jobs to India, effectively reducing the support cost. 

Infosys being one of the most prominent enterprises in Bangalore is expected to yield from this tide of outsourcing. On another hand this can be a good example set for China. Guangzhou seems to be another hot spot for Hong Kong outsourcing contracts. Larger efforts can be put in equipments and training, maybe in time Guangzhou can become another Bangalore in China.

Indian outsourcing giant Infosys posted revenue of $4.2bn (£2.1bn) for the 2007 financial year, 26 per cent up on $3.1bn (£1.6bn) of sales in 2006, beating analyst estimates.

Infosys grows revenue by 26 per cent - 15 Apr 2008 - Computing