Infy to bhaiya infy cool hai!
Well its no secret that India is always short of icons, people/things which we poor souls can look up to and probably get somewhat motivated. You can count them on your fingers [yeah even with a normal hand ..no need for sixth Hrithik Finger]. Here's my list in no particular order...
{Sachin Tendulkar, Amitabh Bachhan, Mahatma Gandhi, IITs, Bollywood (?), Indian Railways, Spirituality, Taj Mahal, Infosys}
Well, the last entry in the above list is what I had intented to write about. Infosys is the dream come true for India. A lot may written about its success story, but the recent news that has made us all proud is that it crossed $ 1bn. in revenues! Here's an excerpt from the rediff article on the story...
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Is there anything that can go wrong for Infosys?
No, say information technology analysts from leading equity research companies.
Infosys is clearly on a roll and its results declared on Tuesday morning have beat market expectations. Despite, an appreciating rupee, volatility in the United States over the outsourcing issue and margin pressures, Infosys has managed to show a 31 per cent growth in revenues and has issued a glowing forecast for the forthcoming fiscal. Infosys earned a thumbs up from the stock markets when within a few hours of the announcement, its share prices went up by over 5 per cent
"It positions the company to increase the strategic relationship with its customers and drive incremental revenue opportunities in its customer base as well as with new customers," says Sameer Nadkarni, a technology analyst with WR Hambrecht, a financial services firm headquartered in San Francisco, in a research note put out a day before the results were to be announced.
Infosys added 2,425 employees during the last quarter compared to 3,052 in the previous quarter.As of March 31, 2004, Infosys had 25,634 employees compared to 23,209 in December 2003. During the entire year, Infosys added an astounding 11,900 employees. Analysts say that they are confident that Infosys can manage its growing flock. "The business model and the management are capable of handling these issues. Infosys has proven that it can handle large scale employee training and retention issues," says an analyst with a Mumbai-based equity research firm.
With the announcement of these results, Infosys has also managed to achieve another milestone - become a billion-dollar company. Apart from Infosys, the Mumbai-based Tata Consultancy Services is the only other company to touch the billion dollar mark in revenues. The scale will definitely help Infosys compete on a global canvas against established players like IBM and EDS, says analysts.
"Today, we have the required size, brand, compelling value proposition and ambition to build the next generation software services and consulting company," declares S Gopalakrishnan, COO, Infosys proudly.
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Congrats Infy! You've sure done the country proud.
Well its no secret that India is always short of icons, people/things which we poor souls can look up to and probably get somewhat motivated. You can count them on your fingers [yeah even with a normal hand ..no need for sixth Hrithik Finger]. Here's my list in no particular order...
{Sachin Tendulkar, Amitabh Bachhan, Mahatma Gandhi, IITs, Bollywood (?), Indian Railways, Spirituality, Taj Mahal, Infosys}
Well, the last entry in the above list is what I had intented to write about. Infosys is the dream come true for India. A lot may written about its success story, but the recent news that has made us all proud is that it crossed $ 1bn. in revenues! Here's an excerpt from the rediff article on the story...
----------------------
Is there anything that can go wrong for Infosys?
No, say information technology analysts from leading equity research companies.
Infosys is clearly on a roll and its results declared on Tuesday morning have beat market expectations. Despite, an appreciating rupee, volatility in the United States over the outsourcing issue and margin pressures, Infosys has managed to show a 31 per cent growth in revenues and has issued a glowing forecast for the forthcoming fiscal. Infosys earned a thumbs up from the stock markets when within a few hours of the announcement, its share prices went up by over 5 per cent
"It positions the company to increase the strategic relationship with its customers and drive incremental revenue opportunities in its customer base as well as with new customers," says Sameer Nadkarni, a technology analyst with WR Hambrecht, a financial services firm headquartered in San Francisco, in a research note put out a day before the results were to be announced.
Infosys added 2,425 employees during the last quarter compared to 3,052 in the previous quarter.As of March 31, 2004, Infosys had 25,634 employees compared to 23,209 in December 2003. During the entire year, Infosys added an astounding 11,900 employees. Analysts say that they are confident that Infosys can manage its growing flock. "The business model and the management are capable of handling these issues. Infosys has proven that it can handle large scale employee training and retention issues," says an analyst with a Mumbai-based equity research firm.
With the announcement of these results, Infosys has also managed to achieve another milestone - become a billion-dollar company. Apart from Infosys, the Mumbai-based Tata Consultancy Services is the only other company to touch the billion dollar mark in revenues. The scale will definitely help Infosys compete on a global canvas against established players like IBM and EDS, says analysts.
"Today, we have the required size, brand, compelling value proposition and ambition to build the next generation software services and consulting company," declares S Gopalakrishnan, COO, Infosys proudly.
-----------------------
Congrats Infy! You've sure done the country proud.
posted by Anurag Ruhela at 4:04 PM
2 Comments:
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