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Last Updated: Tuesday, 13 July, 2004, 15:50 GMT 16:50 UK
US demand boosts India's Infosys
Infosys workers
The falling rupee had worried Infosys' management
Indian software group Infosys has reported a 39% jump in quarterly profits after strong demand in the US.

The global software exporter unveiled first-quarter net profits of 3.9bn rupees ($85m; 45.6m), up from 2.8bn rupees at the same time last year.

Infosys, which is listed on the US Nasdaq market, said it expected its earnings this year to grow by 34%.

A 5% fall in the value of the rupee against the dollar in June helped boost the company's profits.

Infosys, which specialises in business consulting as well as software services, has faced criticism in the US over the outsourcing of jobs to lower cost centres in Asia.

Its clients include sports clothing manufacturer Reebok and US defence and aerospace giant Boeing.

Infosys' chief operating officer, Kris Gopalakrishnan, said: "At the beginning of the quarter we were worried about the rupee dip and the outsourcing debate. Both these have come down."




SEE ALSO:
Sales top $1bn at India's Infosys
13 Apr 04  |  Business
India IT firm establishes US arm
08 Apr 04  |  Business
IBM buys into Indian outsourcing
07 Apr 04  |  Business
Infosys makes first overseas buy
18 Dec 03  |  Business
India's Infosys keeps on growing
10 Oct 03  |  Business


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