The Company provides comprehensive end-to-end business solutions including technical consulting, design, development, software re-engineering, maintenance, systems integration and test and implementation and infrastructure management services.
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A long term secular trend is in favor of Infosys's and other IT outsourcing and BPOs. Infosys, Tata Consultancy, Congizant are definitely the top dog of the industry. These company's are growing revenues at 12-25% rate annually. They require very little investment, and didn't really feel any pain during 2008-2009 slowdown. The long term secular up-trend trumped the recession down trend. A 24 P/E makes this company undervalued. Only major risk is weaker corporate governance standard in India. However, morningstar gives this company stewarship grade of B, which is pretty good.