Infosys warns of reduced growth

NEWS Indian IT software company Infosys has reported a 28.5 per cent rise in profits for 2001, but warned that growth will slow down over the next 12 months. The company reported a profit for the year of INR8.08bn ($163.9m) - a figure in line with analysts' expectations. Revenues for 2001 increased 37 per cent on the previous year to INR26bn ($500m). However, Infosys CEO said growth will be slower in the next year, slowing to between 17 to 20 per cent.