October 23, 2006
Profits recorded point to continuing IT boom!
By Priya Venkatesh, Staff Writer
Do you know the details of the continuing IT boom in India? Are you aware of the profit data that the pioneers in outsourcing have recorded this year? Read on to know the details!
Infosys, one of the pioneering IT giant in India has recorded a profit of 42.4% amounting to a total income of $746 Million. As per the reports from informationweek, 7700 employees have been added to the payrolls of Company this quarter. Wipro, another outsourcing giant has recorded a profit of $589 million which accounts to 46% growth in this quarter that ended on September 30 2006. The results of the last 2 quarters of the outsourcing pioneers clearly indicate an ongoing boom in the field of IT!
Read more on 'Indian IT stocks creep incredible heights amidst tight competition' in one of my previous post to know the consequences of this growth in Indian IT stocks!
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