Infosys profit rises, gives upbeat mid-term outlook

BANGALORE: Infosys Technologies, India’s No. 2 software services exporter, reported a near 10% rise in quarterly profit and gave a confident medium-term outlook, even as a slowing US economy hits outsourcing deals.

Nasdaq-listed Infosys, the first in India’s estimated US$64bil software services sector to report results, forecast revenue for the year to end-March 2009 would grow 19% to 21% to US$4.97bil to US$5.05bil, slowing from a rise of 35% last year.