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Infosys warns of reduced growth

Profits in line with expectations...

By Aled Herbert

Published: 11 April 2002 08:30 BST

Indian IT software company Infosys has reported a 28.5 per cent rise in profits for 2001, but warned that growth will slow down over the next 12 months.

The company reported a profit for the year of INR8.08bn ($163.9m) - a figure in line with analysts' expectations.

Revenues for 2001 increased 37 per cent on the previous year to INR26bn ($500m).

However, Infosys CEO said growth will be slower in the next year, slowing to between 17 to 20 per cent.

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