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Infosys Nortel

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Infosys Technologies Ltd, India’s second-largest software maker by market value, plans to add 320 employees in the next year to help write code for Nortel Networks Inc and emerge a key player in wireless technology. Infosys Nortel’s work contributed only a small portion of revenue for the outsourcers, but the news dealt another blow to the export-driven companies that have seen their growth slowing sharply as a global economic turmoil crimped demand. The company said operations are expected to continue without interruption and added that it has sufficient cash on hand to fund ongoing operations. Nortel is one of the larger clients for most Indian IT companies. Indian companies that would be impacted are Sasken, Infosys and Wipro.


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