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Infosys
Technologies Limited
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Nasdaq:INFY
Infosys
Technologies Limited is engaged in the provision of consulting and information
technology (IT) services. The Company utilizes an extensive offshore infrastructure
based outside the United States to provide managed software solutions to
clients worldwide. Infosys' clients leverage its proprietary Global Delivery
Model to achieve rapid time to market and cost-effective solutions.
Infosys
Quarterly Profit Up 70 Percent
Friday April 13, 9:08 am
ET
By Rajesh Mahapatra, AP
Business Writer
India's Infosys Quarterly
Net Profit Jumps 70 Percent on Strong Outsourcing
NEW DELHI (AP) -- India's
Infosys Technologies Ltd. said quarterly net profit jumped 70.4 percent
from a year ago on sustained momentum in outsourcing and predicted on Friday
that revenue would grow as much as 30 percent this year.
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Bangalore-based Infosys said
net profit rose to $259 million in the January-March quarter compared with
$152 million in the same period a year ago. Profit for the latest quarter
included a tax refund of about $29 million, it said.
Revenues rose 46 percent
to $863 million during the quarter, taking annual revenues in the financial
year ended March to $3.1 billion. Infosys' financial year runs from April
through March.
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