Feeds

Indian tiger starts to waddle

Infosys drops to fourth gear

Build a business case: developing custom apps

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. ®

5 things you didn’t know about cloud backup

More from The Register

next story
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.