Friday, April 14, 2006

Infosys does India proud again

Infosys is 25 years old. They took 23 years to cross the first Billion Dollars of annual business. Infosys is the first listed Indian company with this distinction (TCS crossed its Billion Dollars but it was NOT listed in 2003). I did write a piece in Financial Express (April 16, 2004) that Infosys created history on April 13, 2004 with their crossing $ 1 Billion. Today on April 14, 2006 they have created history again.

Interestingly, Microsoft crossed its first Billion Dollars in its 15th year (Infosys did in 23rd year). Interestingly Microsoft took another 2 years to cross $ 2 Billion; Infosys did the same! Considering that $1 = Rs 44 or so and Infosys has bulk of the employees in India, this is indeed commendable performance!

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