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Our Bureau

Hyderabad , Aug. 2

Kanbay International Inc, the Nasdaq-listed IT services provider, has announced its results for the first time from its Hyderabad development centre.

The company' s second quarter revenues stood at $105.8 million (as against $72.8 million during the same period last year) crossing the $100-million mark for the fist time.

The company, which has about 6,500 employees globally, has 5,000 of them in India delivery centres at Pune, Hyderabad and Chennai.

The Chairman and CEO of Kanbay, Mr Raymond Spencer, in a statement said "we are seeing strong demand within the financial services industry, notably the need to support and upgrade legacy systems and mission critical applications."

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