Seeking Alpha

Paramita Bannerjee's  Instablog

Paramita Bannerjee
Send Message
Paramita Bannerjee was born and raised in Kolkata, India. Having graduated from the ICSI, she was all set for a career in corporate governance but got drifted to finance and investments. She ventured into the world of stocks while in her internship with an accounting firm and has been addicted... More
My blog:
Technical Analysis
  • Infosys Q4 Profit Rises 27.4%, Meets Forecast 0 comments
    Apr 24, 2012 2:49 AM

    Infosys Ltd, India's second-largest software services exporter, reported a 27.4 percent rise in quarterly net profit, meeting forecast, after customers ramped up orders to cut operational costs.

    Bangalore-based Infosys said on Friday consolidated net profit for the fiscal fourth quarter ended March 31 rose to 23.16 billion rupees from 18.18 billion rupees a year earlier.

    Infosys and its bigger rival Tata Consultancy Services Ltd , part of India's $100 billion information technology and back-office services outsourcing sector, have benefited from cost-conscious customers bumping up demand.

    An uncertain global economy and rising U.S. rhetoric against shipping of jobs to low-cost locations ahead of the November presidential election are, however, concerns for the sector that gets half its revenue from the world's largest economy.

    Tata Consultancy, Infosys and No. 3 exporter Wipro are also facing increased competition from bigger global rivals such as IBM and Accenture

    Infosys

    Themes: IT Sector, Infosys
Back To Paramita Bannerjee's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

  • Infosys (INFY) fixes the record date for payment of interim dividend (if any), on October 18, 2013
    Sep 27, 2013
  • Infosys (INFY) - Q2 results on Oct 11, 2013
    Sep 27, 2013
  • Tata Consultancy (TCS.BO) - 100 CEO's Top Five Commitments to Bridge U.S. STEM Skills Gap
    Sep 27, 2013
More »

Latest Comments


Most Commented
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.