Infosys Technologies Ltd, India's No. 2 software services exporter, beat forecasts with a 25.2 percent rise in quarterly profit on Friday, bolstered by increased outsourcing demand from overseas clients looking to cut costs.
Infosys, which is also listed on Nasdaq, said net profit rose to 12.31 billion rupees ($313.23 million) in the fiscal third quarter ended Dec. 31, from 9.83 billion rupees a year earlier.
A Reuters poll of 13 brokerages had forecast Bangalore-based Infosys, whose clients include ABN AMRO and Goldman Sachs, would post a net profit of 11.77 billion rupees on revenue of 43.26 billion rupees.
A vast pool of English-speaking workforce and relatively cheaper wages have helped services firms to grab outsourcing jobs from western clients looking to reduce costs, but a stronger rupee, rising pay and a slowing U.S. economy are big worries.
Shares in Infosys, the worst performer in the benchmark BSE index in 2007, fell 6.8 percent in October-December while the sector index slipped 2.1 percent.
The BSE index had risen 17 percent in the quarter.
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