Source:
ReutersFri Apr 18, 2008 4:21am EDT
BANGALORE, April 18 (Reuters) - Infosys Technologies Ltd (INFY.BO: Quote, Profile, Research), India's second-largest software services exporter, said on Friday it had won a five-year outsourcing contract from U.S. insurer Conseco Inc (CNO.N: Quote, Profile, Research).
Financial details of the deal were not disclosed.
Nasdaq-listed Infosys (INFY.O: Quote, Profile, Research), which counts Goldman Sachs (GS.N: Quote, Profile, Research) and Philips Electronics (PHG.AS: Quote, Profile, Research) among its more than 500 clients, will provide application development and maintenance services to Conseco, it said in a statement.
On Tuesday, Infosys posted a near-10 percent rise in profit and gave a confident medium-term outlook, but sounded a note of caution on its near-term prospects because of global market uncertainty.
(Reporting by Sumeet Chatterjee; Editing by Lincoln Feast)
Read more: http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSBOM14297520080418
More jobs gone.........