Infosys continues to perform well

Infosys continues to perform well

India based IT Company Infosys has continued to perform well as they have just posted a 51.5 percent rise in quarterly profit.

The company is gaining from surge in outsourcing and they have also raised full year earnings forecast.

Infosys is a leader in software and back-office services industry and they earn 90 percent of its revenue from overseas clients. The company said that they expect exports to rise 27-30 percent to $29-$31 billion in the year to end-March.

Infosys further said that its net profit rose to 9.83 billion rupees in the quarter ending December 2006.

Infosys Chief Operating Officer S. Gopalakrishnan added in a statement: “We have seen accelerated growth in Europe, which continues to be a key focus market for us.”

The company incidentally became the first Indian company to feature in the NASDAQ 100 Index. However, they are the second largest software company in India after the Tata owned Tata Consultancy Services Ltd.