The dividend payouts will be more generous than in the past two years and will be broadly in line with what we told investors in the last quarter.
We hire on requirement basis and not on anticipation.
It is no longer the issue of whether one should focus on China, or India versus China, but of India and China.
The global IT business sustained its momentum recording double-digit volume growth sequentially resulting in revenues (from the information technology business alone) for the quarter being 430.7 million dollars against our guidance of 422 million dollars.
The results for the third quarter (October-December) signal the next phase of growth. Revenue from IT business at $473 million (Rs.21.2 billion) was ahead of the guidance figure of $463 million (Rs.20.6 billion) projected in October.
We believe this combination of excellence in operations and strong execution of our strategy is critical to achieve our vision. We will continue to focus on both in future as well.
We must overhaul our land laws, taxes and information system. Some 90 per cent of land in India is subject to legal disputes over ownership.
Looking ahead, the prospects for growth looks exciting, ... We exited the quarter ended September 2005 with the strong tailwind of business momentum. The challenge we have is to sustain and build upon it.
Though delivery of superior solutions to our customers and creating sustainable value to the shareholders remain unchanged, we are devising strategies in anticipation of challenges and opportunities to focus on execution for higher operating productivity.
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