Headlines:
Infosys Profit Climbs 38.7%
Despite rising employment costs, Infosys Technologies Ltd. of Bangalore, India, reported a rise in earnings.
The outsourcing provider said last week that net income for its fiscal first quarter, which ended June 30, rose 43% from a year earlier, to $174 million, or 62 cents a share, which beat the average analyst estimate by 7 cents.
Revenue rose 38.7%, to $660 million.
Infosys also said it has raised its guidance for the current quarter and for the full year. It expects to report fiscal second-quarter revenue of $710 million to $715 million and earnings of 64 cents to 65 cents per share. Analysts have predicted revenue of $680.2 million and earnings of 62 cents.
For the full fiscal year Infosys expects revenue of $2.91 billion to $2.92 billion; its earlier forecast was $2.76 billion to $2.8 billon.
Infosys said it landed 38 clients in the quarter; it now has 469 in a variety of industries, including financial services. It said two of its clients each generated revenue of more than $100 million in the quarter, and 451 of them contributed at least $1 million each. The company's work force grew by 5,694 in the quarter, to 58,409. Rising wages in India have threatened the margins of businesses there, but Infosys said that its margins were stable.
Last year Infosys was No. 28 on American Banker's FinTech 100 list of the top banking technology providers.
Phish Foil from Digital Envoy
Digital Envoy Inc. has new anti-phishing software that it says can determine when a legitimate domain name is misdirecting users to a fake Web site.
The Norcross, Ga., company said Trusted Server, announced last week, can match a domain name to the correct Internet Protocol address.
Many banks advise customers to type company names into an Internet browser rather than click on links on other Web pages, but there are tools hackers can use to bypass this supposedly secure technique.
One such tool is "DNS cache poisoning," which links Internet domain names to the wrong Internet Protocol address and hacks into the servers that Internet service providers use to deliver Web pages. Other methods involve tampering with users' computers to trick them into visiting a phishing Web site.
Users install a browser add-on, which links their computers to Digital Envoy's directory. Digital Envoy is marketing its product to software makers and ISPs, which distribute Web browsers. The distributor can configure the software to alert people of potential spoof sites with varying levels of intrusive alerts.
"Our whole goal was not to rely on a flawed strategy," said David Helsper, the vice president of engineering and product management for Digital Envoy's authentication unit, Digital Resolve.
