Infosys

Beating market expectations, information technology major Infosys closed the last quarter of 2006-07 on a high, registering a 56.9 per cent growth in profit for the year at Rs 3,856 crore. The total income rose to Rs 13,893 crore for 2006-07, a 45.9 per cent increase over the previous year. For the quarter ended March 2007 alone, the company’s profits jumped by 70 per cent, year-on-year, notching Rs 1,144 crore. Though anticipating no downturn in business in the 2007-08 fiscal, on account of a US economy slowdown, the company has provided a conservative outlook, projecting a 23 to 25 per cent growth for revenues in the range of Rs 17,038 crore and Rs 17,308 crore.