Infosys saw its profit go up 25.6% int the October to December quarter, the Indian company said Friday. It credited tax refunds and new outsourcing jobs: the company added 47 clients, including an unnamed European bank and a global brokerage firm, reports AP. Infosys raised its 2007 revenue forecast slightly, but not enough to match investors’ expectations, and its shares dropped by 1.3%.
While profit for the quarter outstripping many forecasts, they wanted more. "The earnings and operating margin performance are more or less in line with expectations, but the company hasn't increased its full-year earnings guidance enough to enthuse the market," one Mumbai-based analyst told Marketwatch. Infosys is India’s second-largest software company.