Financial Daily from THE HINDU group of publications
Thursday, Oct 13, 2005
Financial Daily from THE HINDU group of publications Thursday, Oct 13, 2005 |
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Info-Tech
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Outlook Consulting arm may break even in Q4 Our Bureau
Bangalore , Oct 12 INFOSYS Technologies expects its consulting subsidiary to break even in the fourth quarter of the current fiscal. Mr S. Gopalakrishnan, Deputy Managing Director and COO, Infosys, told analysts in a post-earnings conference call that the company expects a revenue of $34-35 million from the consulting outfit by the end of this year. Infosys is investing aggressively in the consulting business, which is still in the growth phase. The consulting business, which is growing at more than 100 per cent now because of the small base, would break-even in the fourth quarter of the fiscal, he said. The gross margins from Infosys Consulting would be in line with the business, he added. Infosys Consulting contributed about $9 million to the topline growth in Q2 compared to $5.5 million in Q1 this fiscal. Replying to a query at the press conference on Tuesday, the Infosys CFO, Mr T.V. Mohandas Pai, said the quality of engineering education in India was `worrisome' but felt that there would be no shortage of professionals. Mr Pai urged the Government to increase the intake in IITs and IIMs.
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