 Mr Nilekani predicts business growth |
India's second largest software exporter, Infosys Technologies, has reported a 28% rise in profits during spring, largely because global players contract out ever more work to India. "There is an increased interest in offshore outsourcing as global corporations realise its benefits," said Infosys president and managing director, Nandan Nilekani.
"Business opportunities continue to grow. However, the pricing environment remains challenging," he added.
The Nasdaq-listed company reported net profits of 2.8bn rupees (�28m; $46m) during the three months to June 30.
That's up from 2.1bn rupees during the previous three-month period.
Analysts had predicted profits of about 2.6bn rupees.
Infosys insisted that it will continue to invest in sales, marketing and new services.
Infosys stock rose 11% on the back of the news.
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