Technology Sector

Infosys net up 33% in Q3 at Rs 1,641 crore

Infosys net up 33% in Q3 at Rs 1,641 crore Infosys Technologies, India's second largest software services exporter, reported that the company was able to earn consolidated net profit of Rs 1,641 crore for the Q3 that ended December 31, 2008 as against Rs 1,231 crore in the corresponding quarter a year ago.

A release which was issued to BSE today by Infosys, said, “The Q3FY09 topline has increased 35.5% to Rs 5,786 crore from Rs 4,271 crore in Q3FY08, beating the recession blues which is clouding the global businesses.”

Olympus releases Stylus Tough-6000 and Stylus Tough-8000

Olympus releases Stylus Tough-6000 and Stylus Tough-8000 Two high functional cameras dubbed as Stylus Tough-8000 and Stylus Tough-6000 have been unveiled by Olympus.

Let us first give a look at the features of Stylus Tough-6000, which as a 10-megapixel, dive to 10 feet below the surface, a built-in four preset underwater scene modes to vibrant picture capturing and freezing cold (14 degrees Fahrenheit; -10 degrees Celsius).

Former Harvard classmate selected by Obama to head FCC

Former Harvard classmate selected by Obama to head FCCOn Monday, one of the Democratic source informed that Julius Genachowski, a technology executive and former classmate from Harvard Law School, has been chosen by Barack Obama, the new President of U. S. to lead the Federal Communications Commission.

The profile of Genachowski is quite impressive as the man served as chief counsel for former FCC Chairman Reed Hundt, the chairman under former President Bill Clinton, and held various positions at IAC/InterActiveCorp (IACI. O), as well as other technology posts.

World Bank banned Wipro for 4 yrs in '07

World Bank banned Wipro for 4 yrs in '07The World Bank had banned Indian IT giant, Wipro Technologies on account of extending undesired benefits to its employees in 2007. The company would not able to do business with bank for four years till 2011.

Earlier, beleaguered IT service provider Satyam Computers was also banned to do business with WB following serious bribery charges. Hyderabad-based Megasoft Consultants has also been banned for four years on similar grounds.

Satyam saga shows holes in India's corporate governance, say analysts

Satyam saga shows holes in India's corporate governance, say analystsNew Delhi, Jan 13: Expressing concern over the Satyam Computer Services scandal, analysts have said that it has exposed serious shortfalls in corporate governance in India, and added that this must be addressed to ensure credibility in an increasingly globalised and competitive world.

Just three months ago, Satyam Computer Services received the Golden Peacock Award from a group of Indian directors for excellence in corporate governance.

Infosys Q3 Net Zooms 14.5% QoQ

Infosys Q3 Net Zooms 14.5% QoQCountry’s second largest software services exporter, Infysos Technologies, on Tuesday announced a better-than- expected 14.5 per cent rise in profit in the October-December quarter.

Net profit rose to Rs 1641 crore, from Rs 1432 crore a year earlier. Income rose Rs 5786 crore versus Rs 5418 crore (corresponding year). Besides this, company’s earning per share was at Rs 28.63 as against Rs 21.47 a year ago. When compared to Rs 1,186 crore (Oct-Dec07), Infosys net profit grew 34.7% to Rs 1,598 crore (Oct-Dec08).

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