Rising Profits for Infosys
Infosys Technologies Ltd. revealed that their profit and growth rate have surpassed their expectation revealing a 7% raise in terms of shares. Aside from that, statistics also showed that Infosys has experienced a 50% jump in terms of quarterly profit and their full-year estimates.
One of the driving force behind the rise is the growing number of outsourcing contracts by Western firms. These firms are attracted by India's large English-speaking workforce and the fact that they could save a lot more by incorporating outsourcing in their company. The salaries paid to Indian employees are just one-fifth of the Western salaries companies have to pay.
Infosys is confident that their growing rate would continue in the months to come. The reason behind such prediction was the firm's expectation that outsourcing contracts would continue to pour in. Presently, Infosys was ranked as India's No. 2 software services exporter.
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