Mannaging global supply chain is the biggest challenge

In a survey conducted by Infosys, an overwhelming majority (70 percent) of supply chain executives confirmed that managing global supply chain is the single biggest challenge in product development for the hi-tech industry.

The survey was conducted at the Electronics Supply Chain Association (ESCA) Spring 2005 Symposium.

Infosys-Esanda launches online saver product

Infosys, in conjunction with Esanda, today announced the successful launch of an online saver product, marking the company's entry into the Australian market.

Esanda is a wholly-owned subsidiary of the ANZ Banking Group Ltd, better known for its provision of vehicle and equipment finance solutions and fixed interest investments.

Infosys fourth quarter profit up 66 p.c.

Infosys is expected to invest Rs. 950-1,100 crores mainly in technology infrastructure, expansion of seat capacity and China operations.

Infosys sees slower growth ahead

Infosys Technologies Ltd. has forecast weaker-than-expected growth, because U.S. customers are slowing their orders with the No. 2 Indian outsourcer as they implement new compliance rules.

Infosys said revenues in the first quarter would be weaker than the fourth quarter because customers are busy complying with rules aimed at cracking down on accounting fraud.

Infosys among top 10 banking solution firms globally

Indian companies operating in the banking technology space are seen as a natural choice for banks across the world which wish to adopt advanced technology systems.

In a recent survey conducted by International Banking System (IBS), four Indian companies figure among the top 10 companies worldwide in the banking technology space.

According to the Annual Sales League released by IBS, the four Indian companies are i-flex Solutions (ranked at the top), Infosys (at fifth), InfrasoftTech (eighth) and Nucleus Software (10th).

Infosys FY05 results on April 14

The board of directors of Infosys will meet on April 14, 2005, to consider the audited financial results of the company as per Indian GAAP for the quarter, half year and year ended March 31, 2005.

According to a release issued by Infosys to the BSE, the board is also to consider audited consolidated financial results of the company and its subsidiaries under US GAAP, with recommendation of final dividend if any.

S&P assigns higher ratings to Infosys than India

Standard & Poor's Ratings Services on Monday assigned its 'BBB-' foreign currency and 'BBB' local currency ratings to Infosys Technologies Ltd. (Infosys), an information technology software service provider based in India. The outlook is forecasted to be stable.

"The corporate credit rating on Infosys is the first in India to be higher than the sovereign ratings on India (BB+/Stable/B). This reflects Infosys' very conservative financial profile and policy, which feature ample liquidity, strong operating cash flow, and a debt-free balance sheet," said Standard & Poor's credit analyst Greg Pau, director in the Corporate and Infrastructure Ratings Group.

Infosys beats Wipro in valuation

While the markets have been on a slide, an important development has gone unnoticed. Infosys' P/E multiple has crossed that of its competitor Wipro for the first time in four years.

In the last four years, the price earnings ratio (P/E) of Infosys has been lower than that of Wipro. Infosys' P/E surpassed that of Wipro on March 22, 2005, for the first time in four years.

This is based on ETIG calculations of the P/E based on trailing four quarters' earnings per share. As on March 31, '05, the P/E of Infosys was 36.16 times, compared to 35.41 times for Wipro.