April 20, 2009
Global Dispatches: Infosys sees declining sales
Recommend ThisInfosys Sees Slumping Sales
BANGALORE, India -- Infosys Technologies Ltd. is projecting a decrease in annual revenue -- its first ever -- for its fiscal year ending March 31, 2010. The company said it expects the fiscal 2010 revenue decline to range from 3.1% to 6.7%, or up to $4.52 billion (U.S.).
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At the same time, the outsourcing firm said it plans to hire some 18,000 new employees during the fiscal year.
The company said business is dropping off as customers either postpone outsourcing plans or demand lower prices for new contracts.
Infosys reported that its revenue decreased 1.8% to $1.12 billion in its fourth quarter, which ended March 31, and that its revenue for fiscal 2009 rose 11.7% to $4.7 billion.
-- John Ribeiro, IDG News Service
Trade Group Joins EC in Microsoft Case
BRUSSELS -- The European Committee for Interoperable Systems, a trade group whose members include Oracle, Sun Microsystems and IBM, last week joined as an interested third party in the European Commission's latest antitrust battle with Microsoft Corp.
The EC in January filed a complaint alleging that Microsoft distorted competition by attaching Internet Explorer to Windows. Google Inc. and Mozilla Corp. had joined as third parties previously.
Microsoft has until tomorrow to reply to the complaint, either with a written response or a request for a hearing on the matter.
-- Paul Meller, IDG News Service
Briefly Noted
Tech Mahindra Ltd., a Pune, India-based outsourcing firm, made the winning bid for a majority stake in troubled Satyam Computer Services Ltd. Tech Mahindra will pay 17.6 billion Indian rupees ($353 million U.S.) for a 31% stake in Satyam, and it will make a public offer to other Satyam shareholders to buy another 20% of the company.
-- John Ribeiro, IDG News Service
This collection of international IT news briefs originally appeared in Computerworld's print edition.
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