Infosys Technologies forecast a drop in annual revenue as global demand for outsourcing slowed in a harsh economic climate. It was the first time the company, based in Bangalore and set up in 1981 with $250 borrowed from the spouses of its seven founders, forecast a fall in annual sales. The company also reported a 29 percent jump in quarterly earnings. India’s $60 billion outsourcing sector, which provides services from software coding to managing call centers, faces weak demand and rising competition from global rivals like I.B.M.
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Source：REUTERS
Copyright 2009 The New York Times Company.
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