By
Poonam Singhal on 13 July, 2010, 9:34 am
Infosys, the second largest IT exporter of our country, is expected to report a strong 5% increase in revenue for the June 10 quarter, due to the demand recovery in the key US market. The revenue forecast rose the Infosys share to a record high of Rs 2,876. The strong client base in US has helped it recover faster from the economic slow-down & also hence is shielded from the European currency depreciation.
Infosys is being forecast to grow as the strongest IT vendor in India, in the coming three financial years. Even during the recent global economic slowdown, it registered a faster growth compared to its peers, HCL & TCS. A number of other companies are trying to replicate the offshore model of Infosys for greater success and there is a competition for talent.
Scarcity of computer science engineers adds to this competition. One way of fighting this is to hire engineers from other streams of science. Last year, Infosys hired as many as 20K-22K non-computer science technicians.
Not only is Infosys making room for non-computer science engineers, it is also making room for people from non-urban areas of the country. This will not only transform the lives of the people, but of our country too.
Surely Infosys is a company made by the middle-class man, for the middle-class people of our country. Way to go!!!
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