Why we need more companies like Infy...

As Infosys celebrated its silver jubilee by ringing the Nasdaq bell from Mysore, the Indian Infotech sector took another leap in terms of its brand image. As Narayan Murthy pressed the remote button, Infy became the first Indian company to remotely ring the Nasdaq opening bell from India.

This is a landmark achievement not only for this $2.1 billion IT giant but also for shiny India. For a company that started in a one room flat in Pune, Infosys has really grown; actually its growth has quadrupled. Its key offering is offshore software outsourcing and with its sound business policies and squeaky clean company image, it has certainly managed to establish a foothold in the IT sector.

This is the same company which told investors some time back not to invest as the stock had peeked. Though there are other Indian companies listed on the Nasdaq none have been able to acquire a status like Infosys. So, what is it about the company that makes it what it is?

The company’s net profit jumped by 44 per cent in the April-June quarter and its revenue expanded 38.7 per cent to $660 million from $476 million, with the addition of 38 new clients. While Infosys’s competitors Wipro and TCS too netted good quarterly profits, Infy thought of even bigger plans. It expects its earnings per share on Nasdaq to increase by about 33.8 per cent to between $2.7 and $2.73 for the fiscal ending March 2007.

Infosys’s growth and development can be credited to Murthy’s values and desire to excel, that have imbibed by his company as well. Brilliant businesses may be ideated in a swanky boardroom but if one lacks the vision and the humility to struggle, it can never bloom. Infosys towering persona is proof of this premise. So, while Infy creates more value and continues to break new grounds...let the bells toll for Infy, let the bells toll for Indian IT!

Source : Indiatimes
 
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