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Infosys wins 5-yr Conseco outsourcing deal

Infosys posts a near 10% rise in profit and gives a confident medium-term outlook, but sounds a note of caution on its near-term prospects.
Reuters | By HT Correspondent, Bangalore
UPDATED ON APR 18, 2008 03:44 PM IST

Infosys Technologies Ltd, India's second-largest software services exporter, said on Friday it had won a five-year outsourcing contract from U.S. insurer Conseco Inc.

Financial details of the deal were not disclosed.

Nasdaq-listed Infosys, which counts Goldman Sachs and Philips Electronics 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.

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