Feeds

Indian tiger starts to waddle

Infosys drops to fourth gear

Intelligent flash storage arrays

Indian outsourcing giant Infosys has posted year end results that show how its growth is still constrained by a lack of resources.

At least that's the story the firm gave in January, and it happens to concur with the complaints emanating from its rival multinationals on the subcontinent.

It's only a spot of indigestion, though. Growth in sales and profits at Infosys might have slowed, but the tiger's not lost its appetite.

Infosys's gross profit grew 69 per cent year-on-year as of 31 March 2007, totalling $1.3bn. Still, the 05/06 gross figure of $908m had been a yearly increase of 76 per cent.

Revenue growth showed an almost identical disparity between 05/06 and 07/08, but it still boasted sales of $3.1bn, an increase of about 69 per cent, or nearly $1bn. Ditto earnings per share, which were up 67 per cent to $1.53.

The constraint has, apparently, been a lack of graduates. Though India churns out 14 million graduates every year - twice as many as the US - not nearly enough of those trained in engineering are good enough to hit the ground running when they are employed.

And signs point to growth slowing even further. Quarter on quarter revenue growth for the last slice of Infosys' fiscal year was a less impressive 45.5 per cent. Q3 revenue growth was 35 per cent, profit was up 30 per cent.

This time next year, the firm said it expects to have grown up to 30 per cent, while bringing in almost as much profit again. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.