Booming Infosys feels growing pains
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Indian offshoring giant Infosys posted a profit of about $146m in its most recent quarter, up 30 per cent year-on-year, as revenues grew 35 per cent to $559m.
Yesterday, however, the company warned that its growth was being constrained by infrastructure issues, and that it couldn't acquire the land it needed in Mangalore and Bangalore. Executives also cited lagging road infrastructure.
The company benefitted from a fall in the value of the rupee, but this was more than offset by hedging costs.
Infosys added more than 3,200 to its net headcount in Q3. Which means it's growing three-times faster than Google. ®