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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Jong Hyun Yoo who wrote (6444)	7/13/2003 9:34:10 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 25522

From the subcontinent: Infosys sees muted signs of tech recovery - COO Thursday July 10, 1:22 am ET BANGALORE, July 10 (Reuters) - Indian software bellwether Infosys Technologies Ltd's (Bombay:INFY.BO - News) chief operating officer said on Thursday that he saw muted signs of a recovery in technology spending by clients. "We have been getting mixed signals on tech spending," Kris Gopalakrishnan told Reuters in a telephone interview after his company announced April-June first quarter results that beat analyst expectations on both income and net profit. "There are are signs of recovery but we have to wait," he said, adding that Infosys, India's largest listed software exporter, was optimistic but was still concerned about visa restrictions in its prime U.S. market and overall economic recovery in its export markets. Gopalakrishnan said the company would "probably" hire 1,200 more people on a gross basis in the second quarter as it boosted growth on the strength of volumes. He said the company had cut some spending in the first quarter in sales staff and by raising the proportion of work done in India than at client sites. Staff utilisation went up to 83.9 percent in the past quarter from 82.4 percent in the previous quarter, he said.