 Infosys is expanding its operations and building a campus in Bangalore |
India's second-biggest software firm Infosys has reported a surge in profits as more foreign firms look to cut costs by outsourcing parts of their business. Net profit in the three months to 31 March totalled 5.6bn rupees ($128m; �68m) compared with 3.4bn a year earlier. Sales rose to 19.9bn rupees.
Demand has picked up again after the US presidential elections when the loss of US jobs overseas proved a hot topic.
Infosys said it had added 37 new customers in the fiscal fourth quarter.
Demand grows
The company's client list of 438 includes many of the world's best-known firms, including investment bank Goldman Sachs and retailer JC Penney.
Strong demand has been helping Infosys expand and it currently has close to 37,000 workers, with plans to hire another 8,000 people this year.
Infosys is expecting sales to grow by more than 30% over the coming 12 months.
"We are beginning to see the results of various initiatives taken over the last few years," said Infosys chief executive Nandan Nilekani.
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