Infosys Ltd , India's second-largest software services exporter, matched expectations with a 33% rise in its fiscal first-quarter profit, bolstered by a surge in demand for outsourcing services and a fall in the rupee.
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Infosys Q1 profit rises 33%, meets forecast
Infosys Ltd , India's second-largest software services exporter, matched expectations with a 33% rise in its fiscal first-quarter profit, bolstered by a surge in demand for outsourcing services and a fall in the rupee.
Like this story, share it with millions of investors on M3
Infosys Q1 profit rises 33%, meets forecast
Infosys Ltd , India's second-largest software services exporter, matched expectations with a 33% rise in its fiscal first-quarter profit, bolstered by a surge in demand for outsourcing services and a fall in the rupee.
Infosys , India's second-largest software services exporter, matched expectations with a 33% rise in its fiscal first-quarter profit, bolstered by a surge in demand for outsourcing services and a fall in the rupee.
India's USD 100 billion-a-year IT and back-office outsourcing sector earns about three-quarters of its revenues from customers in the United States and Europe, and faces intense competition from global rivals including IBM and Accenture Tata Consultancy Servicesand Wiproare part of the country's export-driven outsourcing sector that has benefited from increase in demand for outsourcing to cut costs and boost efficiency.
But prevailing global economic uncertainty, cutthroat competition for a bigger share of the outsourcing business and sharp currency fluctuations have slowed the showpiece sector's pace of growth.
