Infosys has consistently been delivering terrific Q-on-Q results - and this quarter has been no different. A 35% growth Y-O-Y on revenues, and a 30% growth in profits for the quarter, with a similar guidance for the entire year is nothing short of spectacular, and a resounding endorsement that the Indian offshoring story is still going very strong. Revenues of 2500 crores (555 mill $) and profits of nearly 650 crores (145 mill $) for the quarter is great. The yearly guidance for 2005-06 sees Infosys easily entering the 2 billion $ league, just a year after it breached the 1 billion $ mark! Any which way you slice this, it is great going.
Infosys has 50,000 people working for it now, and the growth seems to be unabated. They plan to add 16,000 more people next year, but most of the growth will be outside Bangalore. Thanks to Messrs. Gowda and gang, Infosys is forced to look outside because Bangalore has no land to offer to Infosys! How crazy is that? There was talk about some 300 + acres of land near Yelahanka (North Bangalore) - but that deal seems to have collapsed - which has forced Infy to look at cities like Chandigarh and Kolkata - where land is perhaps cheaper, labour is cheaper and the Government is more friendly than in Bangalore.
I really wish the Yelahanka land deal comes through - a - it is great for Bangalore if they can retain the Infy growth within the city, and b - I have a house near that area, and land values will shoot up if Infy sets up office there! Selfish ol' me!
Categories: Bangalore, Technology
No comments:
Post a Comment