India's
No.2 software services provider Infosys raised its revenue forecast after
posting stronger-than-expected publication profit, triggering a 16 percent
surge in its shares, set for their biggest gain in more than a decade.
Attrition
for the last 12 months for Infosys has remained stable at 15.1% for the quarter
ended December. The previous quarter was 15% and in the same period last year
the IT firm had an attrition rate of 15.4%.
Utilisation
rates for Infosys amplified albeit marginally. The third quarter showed
utilisation rates of 70.1% compared with 69.9% last year. Consecutively, there
has been an increase of 0.5% only.
Tata
Consultancy is expected to report a earnings gain of about 12 percent in the
quarter, according to Thomson Reuter’s data. India's top software exporter,
part of the $100 billion Tata Group, will report its earnings on Monday.
Wipro
Ltd, the country's No.3 software services provider, may report a quarterly
profit gain of 6.7 percent, analysts said. The company, which is reorganization
its non-information technology businesses and focusing entirely on IT, will
declare its earnings on 18.January.
Fourth-ranked
HCL Technologies Limited is expected to report a 43.8 percent jump in quarterly
earnings on 17.January.
India's
$100 billion-a-year IT and back-office outsourcing division earns about
three-quarters of its revenues from customers in the United States and Europe,
and faces intense competition from global rivals including IBM, Accenture and
Cap Gemin.
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