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Infosys reports strong financial results in difficult times

John Ribeiro | Oct. 12, 2011
India's second-largest outsourcer, Infosys, reported strong revenue and profit growth for the quarter ended Sept. 30, despite concerns about economic problems in its key markets in the U.S. and Europe.

North America accounted for 65.3 percent of revenue in the quarter, followed by Europe at 20.5 percent. The company bagged a number of deals from continental Europe in the quarter, Vemuri said. Traditionally most of the business in Europe for Indian outsourcers comes from the U.K.

A depreciation of the Indian rupee against the U.S. dollar over the last few months helped the company boost margins, as it incurs most of its expenses on staff and facilities in India.


 

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