Infosys reported fiscal third quarter earnings and gave a barometer of Indian outsourcing health. The prognosis: Budgets are still rising for offshore outsourcing, but India’s leading IT companies still wrestle with turnover and wage increases. The annual turnover of Infosys, Mysore in the year of 2004 was USD 50.1 million. One of the key issues on the Infosys conference call was wage increases and turnover. Although Wall Street worries about turnover, CIOs also worry about it. Wage increases can creep into contracts and turnover can hinder IT project continuity.

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