The corporate credit rating on Infosys Technologies Ltd., reflects its strong financial profile, superior cost efficiency, and improved business diversity. These are partly offset by the constraints of having largely India-based operations, exchange rate risk, and weak global economic environment. Infosys is among the three largest India-based IT service providers, together with Tata Consultancy Services (TCS) (BBB/Stable/--) and Wipro Technologies Ltd. (Wipro). It posted revenue of US$3.5 billion for the nine months ended Dec. 31, 2008. Infosys provides end-to-end business solutions that leverage on technology by offering solutions that span the entire software life cycle. Infosys provides IT services through its network of more than 50 global development centers, with more than 103,000 employees, majority of whom are based in
