Infosys Technologies is on track to post earnings growth of 26-28 per cent this quarter
Media Release
Jun. 15, 2006

Infosys Technologies is on track to post earnings growth of 26-28 per cent this quarter, helped by a global outsourcing boom, the head of India's second-biggest software services exporter said on Thursday.

Chief Executive Nandan Nilekani also said that he was open to using the company's near $1 billion cash pile for acquisitions to get it into a certain market or a new technology, but it would always keep a sizeable cushion in the bank.

"We believe that having cash is strategic so that we can respond quickly to marketplace needs or respond to risk," Nilekani said in an interview with Reuters on the sidelines of the World Economic Forum on East Asia, taking place in Tokyo.

"We are open to acquisitions but at the same time we are not looking at acquisitions as a substitute for (organic) growth."

Infosys Technologies is on track to post earnings growth of 26-28 per cent this quarter
Media Release
Infosys Technologies is on track to post earnings growth of 26-28 per cent this quarter, helped by a global outsourcing boom, the head of India's second-biggest software services exporter said on Thursday.
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