Offshore outsourcer Infosys reports 49 percent growth

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India's Infosys Technologies, which serves many North American IT organisations, reported this week that its revenue grew 49 percent and that it plans to hire 6000 college graduates in India in the next financial year.

The software firm said net profit for the quarter, ending in December, rose to US$113.7 million (4.97 billion Indian rupees), from 3.28 billion rupees in the same quarter in the previous year. The 49 percent gain in revenue topped out at 18.75 billion rupees.

The Bangalore-based software firm said its total headcount numbers 32,229 employees. The firm plans to begin the new hiring process by adding 2000 professionals through March of this year.

"Demand for offshore outsourcing continued to be strong," said Basab Pradhan, Infosys's global sales chief, in a statement. "Clients have responded favourably to the combination of our consulting services and offshore delivery." The company said it added 38 new clients during the last quarter, bringing the total to 434.

Infosys is India's second largest software-outsourcing firm -- Tata Consultancy Services is the largest -- and is among several Indian offshore outsourcing firms that are attracting interest from US investors.

Recently, US venture capitalists have been flocking to India to invest in offshore-outsourcing companies doing business in North America.

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