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Infosys has gloomy outlook

Infosys's results for the financial year ending 31 March 2009 showed revenues of $4,663 million, up 11.7% year-on-year, and operating profits rose 18.6%, from $1,159 million to $1,374 million. But the firm  anticipates tougher conditions ahead, forecasting a revenue drop in FY10 of between 3.1% and 6.7%, to $4,350-4,520 million.

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Wipro sees trouble ahead

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Satyam scandal unfolds (part 2)

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Satyam scandal unfolds (part 1)

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Genpact rises on results

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Satyam holds off the downturn

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Infosys rides out downturn

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Satyam finds a buyer

Rival  offshore services firm Tech Mahindra is the winning bidder for  scandal-ridden Satyam, paying $351 million for a 31% share of Satyam with a follow-up open offer for a further 20% of the shares at the same price.

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