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Brier Dudley's blog

Brier Dudley offers a critical look at technology and business issues affecting the Northwest.

October 11, 2006 at 11:47 AM

Infosys expects $3 billion in sales next year

Stocks of Indian IT companies took a huge hit in May, but Infosys seems to be doing fine.

Q2 earnings at the Bangalore-based services giant were up 42 percent over the same period last year, to $746 million, according to its quarterly report out today.

Earnings per share were 36 cents, up from 25 cents a year ago.

Next year’s growth was forecasted to be around 41 percent, surpassing $3 billion in sales.

Infosys also increased its workforce by 7,741, growing to 66,150 — nearly as big as Microsoft.

One project that boosted the quarter: Helping a big but unnamed U.S. cable company develop quadruple-play services — cable, telephony, wireless and broadband.

Here’s a look at how INFY has pulled back from the May downturn.

Comments | Topics: Asia, Enterprise

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