The US slowdown is hitting Indian IT, but perhaps not as much as investors had anticipated. Infosys Technologies led a sharp stock market recovery on Tuesday, following its guidance of a 19% to 21% increase in revenues for fiscal 2008-2009 and an increased dividend pay-out ratio.
The Times of India
http://timesofindia.indiatimes.com/Business/India_Business/
Infosys_net_rises_21_in_2007-08/articleshow/2954647.cms
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