Saturday, July 11, 2009

Post Nilekanai, Infosys announces impressive growth

nilekaniBangalore. Software giant Infosys declared its Q1 results, registering a net rise in profits by more than 17% over last year. This is a good number. All the software farmers were happy as if they received the first shower of monsoon. The Sensex also responded positively and gained some points on this. Infosys shares were up by 4%. Market gazers believe that these days the quarter results declaration is more or less like a festival. People wait for it as if it is Diwali, Eid, Pongal or Christmas.

"It is indeed a good sign of recovery" echoed the freshers who have got the offer letter in their hands. Some of them have laminated it as they are not getting the confirmed joining date and it was proving to be difficult to preserve the cheap quality of paper.

Infosys CFO Mr. Vibin Balakrishnan expressed his happiness on the report and said that it indeed matched the mandatory growth rate defined by the UPA government. Talking exclusively to Faking News, Mr. Balakrishnan revealed that the removal of Nandan Nilekani was a deliberate step forced by the government to boost the account books of Infosys aka Railways under Lalu Yadav.
“Nandan Nilekani’s salary and perks were astronomically high and if we wouldn't have done it a day before the quarter results, we would not have been able to paint an optimistic growth picture for the next quarter. Now the UPA will take care of him, his wife, his mother and his kids from Yale University.” Mr. Balakrishnan expressed hope and confidence.

Infosys CEO S. Gopalakrishnan also addressed media persons on this occasion and shared his vision and plans of bagging some more projects from the government now that there was an insider (sic.) among the babus. He promised that the freshers would soon get joining dates, but advised them to not to get too excited over the possibility.

Now the market is waiting for Wipro results with bated breath. After seeing all the quarterly reports, BATA consultancy Services (BCS) will publish its own reports. BCS is keeping mum on the new deal sign offs. It bagged the Ferrari deal in the previous quarter. COO of BCS, Chandru confirmed to us that the company had bagged another multi-million rupee deal from Lambretta Scooters. This has not yet been announced as they are in the silent period before the quarters result. The challenge of this project will be to get the ageing Lambretta scooters on the road.

(Submitted by the correspondent 'Idiot Box' through electronic mail from the Electronic City)


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