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Infosys Technologies
(BSE: INFOSYSTCH)
India
This company has been flying high. With tech outsourcing activity on the rise, Infosys has doubled revenues from $1 billion in 2004, to $2 billion this year, with 30%-plus profits. As the company moves ahead with its ambitious global expansion plans, its biggest challenge is talent: The Indian tech-outsourcing industry will need 1 million more people over the next three years. Infosys gets more than 1 million applications a year, and hires and trains 15,000 new recruits annually. But with a shortage of talent, this year Infosys has made talent a priority, and will spend $100 million alone on training new and existing staffers. The company's also expanding its employee base beyond its 52,000 techies mostly in India. It's hiring permanent staff and even interns from top U.S. and European tech and business schools at its various operations in India and overseas, and doubling employee strength in its China operations to 1,000.
Company Info |
|
| 2005 Rank | 10 |
| Sales* ($ Millions) | 2,057.0 |
| Sales Growth (over prev. year) |
34 % |
| Profits* ($ Millions) | 531.0 |
| Return on Equity | 35.3 % |
| Total Return on Sales (12-mo.) | 31.6 |
| Share Price As of 5/31/06 | 62.87 |
| CURRENT MARKET INFO | BSE: INFOSYSTCH |
| No. of Employees | |
| Industry | Services |
| COMPANY WEB SITE > | |
*Trailing 12 months
Stock price data as of 5/31/06
DATA: Standard & Poor's Compustat
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Company Snapshot
Infosys Technologies Limited, a technology services company, together with its subsidiaries, engages in the design and delivery of information technology (IT) enabled business solutions. It provides various services, including consulting, design, custom application development, software reengineering, maintenance and production support, systems integration, package evaluation and implementation, testing services, operations and business process consulting, engineering services, and infrastructure management services. The company also offers software products to the banking industry. Infosys, through its subsidiary, Progeon, provides business process management services, such as offsite customer relationship management, finance and accounting, and administration and sales order processing. It serves clients in financial services, manufacturing, telecommunications, retail, utilities, logistics, and other industries in North America, Europe, and the Asia-Pacific region. Infosys Technologies was co-founded by N. R. Narayana Murthy, Nandan M. Nilekani, S. Gopalakrishnan, K. Dinesh, and S. D. Shibulal in 1981. The company was formerly known as Infosys Consultants Private Limited and changed its name to Infosys Technologies Private Limited in 1992. Further, it changed its name to Infosys Technologies Limited in 1992. The company is headquartered in Bangalore, India.
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