BANGALORE -- Infosys Technologies Ltd. on Tuesday posted a better-than-expected 33% rise in its fiscal third-quarter net profit, but recorded its first-ever sequential drop in revenue in dollar terms as the global economic turmoil continued to take its toll.
India's second-largest software exporter by revenue also cut its guidance in dollar terms for the current fiscal year for the second successive quarter, indicating worsening demand for outsourcing services as clients are "still in turmoil" and orders are getting delayed, Chief Operating Officer S. D. Shibulal said.
Infosys said net profit for the quarter ended Dec. 31 rose to 16.41 billion
