For the three months ending Sept. 30, Infosys earned $97 million, or 35 cents per share, up 49 percent from $65 million, or 24 cents per share, in the same period a year ago. The improvement was largely driven by increasing orders from overseas customers, and the company said it anticipated more business in coming months.

Second-quarter revenues were $379 million, up sharply from $251 million at the same time a year ago.

To meet vigorous demand for outsourcing, Infosys hired 5,010 people during the quarter, slightly less than 5,100 hired in the whole of the last fiscal year. It plans to hire up to 4,500 more in the next six months.

Infosys also announced a $32 million investment in the next six months to expand its facilities, hire and train programmers and step up marketing.

The company now expects its revenues for the year ending in March 2005 to range between $1.555 billion and $1.561 billion, up more than 45 percent from comparable revenues of $1.07 billion last year.

By: DocMemory
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