Infosys shows profit rise in Q2 results 2007-08
Oct 11, 2007 (Newstron): Infosys Technologies Limited (NASDAQ: INFY), the second-largest IT services provider from India, declared Q2 results on Oct 11, 2007. Sales increased by 19 percent, and the bottom line increased 18 percent with orders from large clients like Royal Philips Electronics. The results were in agreement with the analyst expectations. Still, the stock fell by about 6 percent in the Indian market due to concerns from an appreciating Indian Rupee and uncertainty in the US economy, which gives about 60 percent business to Infosys. Get the complete press release with financial details from this here.
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