Q2 revenues grow 38.3 percent

Infosys Technologies Limited announced financial results for its second quarter ended September 30, 2005. Revenues for the quarter aggregated $ 524 million, up 38.3 percent from $ 379 million for the quarter ended September, 30 2004. Net income was $138 million ($ 97 million for the quarter ended September 30, 2004). 34 new clients were added this quarter with a gross addition of 8026 employees, taking the tally of the number of employees to 46,196 (September 30, 2005).

ABN AMRO Deal

Infosys won its single largest multi-year, multi-million dollar contract from ABN AMRO to develop, support and enhance a wide spectrum of applications. This reinforced

its belief that offshoring of large deals is a mega trend. It also signifies the entry of Infosys into the arena of large, global, multi-year outsourcing contracts and is an endorsement of its competitive business model.

Finacle – The Universal Banking Solution from Infosys

 United Bank for Africa (UBA), among the largest banks in West Africa, has selected Finacle universal banking solution for its business transformation initiative. UBA will deploy Finacle core banking, consumer and corporate e-banking, alerts, CRM and treasury solutions. With this win, Finacle now powers two of the top three banks in West Africa, in addition to several others and has further consolidated its position as a clear market leader in the Nigerian core banking market. United Bank
 
 

 

 | 1 | 2 |  Page 1 of  2  
  
Copyright © 2005 Infosys Technologies Limited | Feedback | Subscribe | Unsubscribe | Privacy Statement | Safe Harbor Provision | Archives