Crisil reaffirms Infosys'' long-term, commercial paper programmes
By Mumbai: | 11 Apr 2003
The company's strong business fundamentals have enabled it to build up a robust financial profile, which is characterised by a debt-free balance sheet as on 31 March 2003, large cash surplus (Rs 1,640 crore) and strong business inflows, as witnessed in the past, notes Crisil.
The ratings reflect Infosys' status as one of the country's leading software services companies. The company's key business challenges, according to Crisil, are maintaining profitability in an increasingly challenging business environment and improving geographical distribution of its revenues for insulation against downturns in specific markets.