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Infosys BPO to clinch 4 deals; share up 1%

Infosys Technologies’ shares rose 1 per cent on news IT major’s subsidiary Infosys BPO is likely to clinch four outsourcing deals between $50 million and $150 million each within the next six months.

INDIATIMES NEWS NETWORK|
Jan 17, 2008, 02.29 PM IST
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MUMBAI: Infosys Technologies’ shares rose 1 per cent on news IT major’s subsidiary Infosys BPO is likely to clinch four outsourcing deals between $50 million and $150 million each within the next six months.

Infosys BPO is also eyeing $250 million revenues in the current fiscal, while it has already recorded revenues of about $176 million in first nine months of 2007-08.

Infosys BPO is also expected to add 1,000 employees in the current quarter, while it added 2,400 employees in the third quarter ended December 2007.

The company registered an attrition rate of 37 per cent in the third quarter, compared to 34 per cent in the second quarter this fiscal.

At 12:44 pm, the Infosys share was up 1.08 per cent at Rs 1510.30, after rising to Rs 1,526 in trade so far with volume traded at 1,12,256 against two-week average of 3,66,200 shares.
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