India’s No 2 IT biggie Infosys Technologies posted a better than expected Q4 results for 2008-2009. The IT major rleased its Q4 results ahead of the market today morning giving fresh hope to investors. This quarter is expected to be tough for most of the IT companies as the global scenario reached its bottom in last few months.
Infosys reported a 29% growth over Q4 of 2007-2008 and a 5% drop in profits compared with Q3 of 2008-2009. It has reported Q4 net as Rs 5635 crores (1.127 billion dollars). Also Infosys gave a very moderate outlook for Q1 of 2009-2010 financial year.