Infosys projects single-digit growth for FY 2010

October 8th, 2009 BANGALORE - Infosys Technologies Ltd has projected revenue of Rs.54.76 billion (Rs.5,476 crore) for the third quarter (October-December) of this fiscal (2009-10), indicating a decline of 5.4 percent year-on-year (YoY) as per the Indian accounting standard. In a regulatory filing Friday, the IT bellwether said its consolidated income for this fiscal (FY 2010) was expected to be about Rs.220.55 billion (Rs.22,055 crore), which would be a marginal growth of 1.2-1.7 percent YoY as per the Indian accounting standard.

September 16th, 2009 KOLKATA - West Bengal's ruling Left Front Wednesday said the IT township project involving giants Infosys and Wipro has only been kept on "hold" and not cancelled. "The state government has not abandoned the township project.

September 7th, 2009 KOLKATA - The West Bengal government Monday informed IT majors Infosys and Wipro that their projects in a proposed township on the outskirts of this metropolis had been scrapped, according to officials. The proposed IT township at Rajarhat near Salt Lake had become controversial in recent weeks following allegations that land sharks had been involved in acquisition of plots there.

September 7th, 2009 KOLKATA - The West Bengal government Monday scrapped the proposed IT township projects involving companies like Infosy and Wipro at Rajarhat near here following allegations that the land had been forcibly and illegally acquired. "The government does not want to be involved in any illegal activity," the state IT department said in a statement.

September 7th, 2009 KOLKATA - The projects proposed by Infosys Technologies and Wipro in a township just outside the state capital has been scrapped, the West Bengal government informed the two IT majors Monday. The projects were to come up in the proposed IT township at Rajarhat near Salt Lake but had become controversial in recent weeks following allegations that land sharks had been involved in acquisition of plots there.

August 5th, 2009 KOLKATA - IT major Infosys Technologies is looking at acquisitions in Europe, Latin America, the Middle East, Japan and Australia, a top company official said here Wednesday. "The size of the company should be around $450-500 million," Infosys chief executive and managing director S.

August 1st, 2009 BANGALORE - Infosys Technologies (Infosys) has availed the security cover facilitated by the Central Industrial Security Force (CISF) for its vast complex located in Bangalore. A formal function to herald this service was held at the Infosys campus here on Friday.

July 29th, 2009 Carter's 2Q profit soars on stronger salesATLANTA — Children's clothing company Carter's Inc. hit a growth spurt of its own, reporting Tuesday that its profit soared in the second quarter on strong sales and improved operations.

July 19th, 2009 NEW DELHI - The Indian IT industry managed to limit the impact of global recession last fiscal and maintain the growth momentum, albeit lower than that in the boom times, says tech publisher Dataquest. "Export firms did better in recession-hit developed markets than those whose business is limited to the Indian market," Dataquest editor Prasanto K.

July 10th, 2009 BANGALORE - India's IT bellwether Infosys Technology is bracing for a flat to lower revenue growth till recovery takes place by mid-2010, a top company official said Friday. "We hear from clients that recovery will begin from the middle of 2010.

April 16th, 2009 BANGALORE - Infosys Technologies, India's second largest IT bellwether, attributes the projected revenue growth decline for the first time since its inception to the global meltdown. 'Yes, this is the first time for the full year we have given a guidance of de-growth year-on-year (YoY), as we have never faced this kind of uncertainty, which comes across once in a lifetime,' Infosys chief executive S.

April 15th, 2009 BANGALORE - India's second largest IT bellwether Infosys Technologies, which survived the impact of slowdown in fiscal 2009, is bracing to stay afloat in a grim fiscal 2010. The global software major managed to meet the consolidated revenue guidance by posting Rs.21,693 crore (Rs.216.93 billion) for fiscal 2008-09, a robust growth of 30 percent year-on-year (YoY) under the Indian accounting standard.

April 15th, 2009 BANGALORE - Infosys Technologies Ltd posted a consolidated net profit of Rs.59.88 billion (Rs.5,988 crore) for fiscal 2008-09, registering 28.5 percent year-on-year (YoY) growth as per the Indian accounting standard. In a regulatory filing Wednesday, the IT bellwether said consolidated income for the fiscal year under review (FY 2009) was Rs.216.93 billion (Rs.21,693 crore), posting 30 percent YoY growth under the Indian accounting standard.

April 15th, 2009 BANGALORE - Infosys Technologies Ltd posted a consolidated net profit of Rs.16.13 billion (Rs.1,613 crore) for the fourth quarter (January-March) of fiscal 2008-09, registering 29 percent year-on-year (YoY) growth but lower by 1.7 percent sequentially as per the Indian accounting standard. In a regulatory filing Wednesday, the IT bellwether said consolidated income for the quarter under review (Q4) was Rs.56.35 billion (Rs.5,635 crore), posting 24 percent YoY growth but lower by 2.6 percent sequentially under the Indian accounting standard.

April 15th, 2009 MUMBAI - The bulls did it again for the eighth straight trading session in Indian equities markets even though Infosys results proved to be a damper to the ongoing rally. A key index Wednesday shut shop more than 300 points above its last closing figure after a weak opening.