Infosys profits beat market expectations

Indian software giant Infosys Technologies announced its second-quarter net profit jumped 49 per cent to $A132.51 million yesterday.

The result was well ahead of market expectations and reflects a continuing boom in outsourcing.

Infosys chief executive officer Nanda Nilekani said offshoring has become a mega-trend in the industry as more customers leverage their partnerships with Infosys to increase their global competitiveness.

Global sales head Basab Pradhan said the company has added 32 new clients in the second quarter and sourcing strategically from service providers has become the outsourcing approach for many companies across all industries.

The firm, based in India's high technology hub of Bangalore, added 5010 employees, boosting total staff to 32,949 over the three months.

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