{"id":9494,"date":"2010-04-13T13:11:50","date_gmt":"2010-04-13T13:11:50","guid":{"rendered":"http:\/\/www.patheos.com\/blogs\/drishtikone\/2010\/04\/infosys-bets-technology-spend-flags-currency-risk\/"},"modified":"2010-04-13T13:11:50","modified_gmt":"2010-04-13T13:11:50","slug":"infosys-bets-technology-spend-flags-currency-risk","status":"publish","type":"post","link":"https:\/\/www.patheos.com\/blogs\/drishtikone\/2010\/04\/infosys-bets-technology-spend-flags-currency-risk\/","title":{"rendered":"Infosys bets on technology spend; flags currency risk"},"content":{"rendered":"\n<\/head>

Infosys Technologies\u2019 stronger-than-expected annual sales forecast suggests a gradual recovery for India\u2019s IT services sector as global clients loosen their purse strings in an improving economy.<\/p>\n

An appreciating local currency and salary hikes, however, could check profit growth for the country\u2019s $60 billion sector, a magnet for tens of thousands of young job-seekers.<\/p>\n

Infosys shares, valued at $35 billion, rose as much as 3.7 percent by 0900 GMT on Tuesday with more than 1.6 million shares traded, more than 15 times the daily average over the last 30 days.<\/p>\n

\u201cI think recovery is omni-present and they will get a bigger slice of recovery,\u201d said R. Ravi, a sector analyst at Daiwa Capital Markets.<\/p>\n

Kicking off results for the showpiece sector in which entry-level engineers are paid $550 per month on average, five times cheaper than their counterparts in developed countries, Infosys CEO S. Gopalakrishnan said the economic environment remains challenging.<\/p>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"

Infosys Technologies’ stronger-than-expected annual sales forecast suggests a gradual recovery for India’s IT services sector as global clients loosen their purse strings in an improving economy.<\/p>\n","protected":false},"author":1517,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9494","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"\nInfosys bets on technology spend; flags currency risk<\/title>\n<meta name=\"description\" content=\"Infosys Technologies' stronger-than-expected annual sales forecast suggests a gradual recovery for India's IT services sector as global clients loosen their purse strings in an improving economy.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.patheos.com\/blogs\/drishtikone\/2010\/04\/infosys-bets-technology-spend-flags-currency-risk\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Infosys bets on technology spend; 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