Until now, I was bewildered at how does Indian Companies particularly IT giants recovered so rapidly from recession period apart from looking at number of surveys highlighting hiring spree, clientele, etcetra but i never trusted the sources.
I was eagerly waiting for the official document by some IT company & when world's largest postal service Indian Post delivered Annual Report Infosys 2009-10, a optimistic smile prevailed through, as i unpack the 100% recycled report, looking at its front cover of the cover featuring a blue background on 2/3rd part & white clouds concentrated on right bottom corner with the title saying "Building Tomorrow's Enterprise" .
While grabbing the last year's report from the dust-filled Kota-stone made rack, i can feel the big difference of IT giant in the Post recession period from the very first look.
Last year's report front cover was totally white with some statistics about the company in the right half of the cover & the title was ostensibly, "Enhancing Trust" .
Well, its not good to judge Book by its cover but you can ostensibly perceive the mood of official documents.
The company net profit after tax dipped by Rs 16 cr to 5803 cr.
I hadn't yet read the report yet but i can feel the difference & my conviction that the Indian IT market is lethal by global ups & downs has been apparently proved wrong.
I'll post next (a) few reads on the same topic. Your comments are invaluable to me.