Conservative financial policy and profile Superior cost efficiency Improving business and customer diversity High capital expenditure, wage inflation, and spending on training Constraints affecting India-based operations Exposure to foreign exchange fluctuations The corporate credit rating on Infosys Technologies Ltd. reflects the company's strong financial profile, superior cost efficiency, and improving business diversity. These strengths are partly offset by the constraints of having largely India-based operations, cost pressures, and exchange rate risk. Infosys is among the three largest India-based IT service providers, together with Tata Consultancy Services Ltd. (BBB/Positive/--) and Wipro Technologies Ltd., with revenue of US$4.2 billion for fiscal year ended March 31, 2008. Infosys provides end-to-end business solutions that leverage on technology by offering solutions that span the entire
