1. Infosys Warns of Lower Yearly Profit.
- Author
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GUHA, ROMIT, AHMED, RUMMAN, and Gupta, Deepali
- Subjects
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COMPUTER software industry , *FINANCIAL crises , *INFORMATION technology - Abstract
The article reports on the expected first annual decline in earnings and revenue of Bangalore, India-based software company Infosys Technologies for the fiscal year that started April 1, 2009 as the global financial crisis deepens and clients cut their information-technology budgets. Revenue of the company in dollar terms for the fiscal year is expected to be 3 percent to 6.7 percent lower than the previous year. According to Chief Operating Officer S. D. Shubulal, Infosys based its estimates on a survey of top clients.
- Published
- 2009