In terms of net income, the company reported 7 percent quarter-to-quarter growth and 9.9 percent year-to-year growth. Also Infosys and its subsidiaries cited a net addition of 8,262 employees and 45 clients. Growth is expected to continue through the next two quarters as well, according to the report, citing projections of fourth quarter revenues of at least $1.8 million and revenue of at least $7 billion for the fiscal year ending March 31, 2012.
“The global macroeconomic environment is still uncertain. In this scenario, clients are looking for new opportunities for growth, accelerated innovation and increased returns on investments. Our strategic initiatives and organization structure will enable us to build long-term partnerships with our clients and help them drive their business objectives,” said S. D. Shibulal, CEO and managing director of Infosys.
Indeed, outsourcing should be a popular option for insurance companies looking to cut corners during tough economic times, according to a
