Infosys @ Latest News: Infy presages margins under pressure

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Thursday, December 23, 2004

Infy presages margins under pressure

Infosys Technologies may not sustain its profit margins owing to pricing pressures, appreciating rupee and wage pressures, according to its filing with the US Securities and Exchange Commission.

During the financial year 2003, the company began to incur substantially higher selling and marketing expenses to increase brand awareness.

Infy sets ADS size at $1.1 bn

In fiscal 2003 and 2004, its net income was 25.4 per cent and 25.9 per cent of total revenues compared with 30.1per cent of total revenues in fiscal 2002.