Narayana Murthy foresees huge IT boom
Murthy, who attended a ceremony in Kolkata on Jan 23, "Under the current circumstances, it is performing well. Overall, things are fine. Our annualised growth will be 25-26 per cent, and that is pretty good."
"The sector draws a revenue of $5 billion, and if we can grow at 25 percent, that's not bad," added Murthy.
However, Infosys' Q3 results, which was announced on Jan 13, reported consolidated net profit at Rs 1,780 crore as against Rs 1,737 crore in previous quarter, a growth of 2.48 percent.
Infosys
Q3
results
dip;
markets
drop
pts
On
the
other
side,
Wipro,
which
announced
their
third
quarter
results
on
Jan
20,
reported
a
21.26
percent
growth
in
the
net
profit
at
Rs
1,217.4
crore.
Q3: Wipro net profit up 21 pc at Rs 1,217 crore
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