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Infy sees no impact from Nortel banruptcy filing

Infy sees no impact from Nortel banruptcy filing
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First Published: Thu, Jan 15 2009. 02 31 PM IST
Updated: Thu, Jan 15 2009. 02 31 PM IST
Bangalore: Infosys Technologies does not see any impact on its finances after one of its clients Nortel Networks filed for bankruptcy, its chief financial officer said on Thursday.
“Nortel’s contribution to our revenues is less than half a percent of our yearly revenues based on the current revenue run rate,” V. Balakrishnan said in a statement.
“We do not believe that this will have any material impact on our operations or financial condition.”
Nortel filed for bankruptcy on Wednesday hoping to save a once highflying business whose decade-long decline has accelerated with the global economic crisis.
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First Published: Thu, Jan 15 2009. 02 31 PM IST