ARTICLE BY GOWTHAM
The country's second largest software firm Infosys on Tuesday reported a 15.72 per cent jump in consolidated net profit to Rs 1,722 crore for the first quarter ended June 30, 2011.
The company had posted a net profit of Rs 1,488 crore for the same quarter of the previous fiscal (2010-11), Infosys said in a filing to the Bombay Stock Exchange.
"We have re-organised the company to be more industry domain-focused, which will accelerate innovation and make us more responsive to clients' needs. We believe that Infosys is well positioned to be a transformational partner for large clients even as they navigate through uncertain times," Infosys CEO and Managing Director S Gopalakrishnan said.
The company's revenues rose to Rs 7,485 crore in the first quarter from Rs 6,198 crore in the year-ago period, up 20.76 per cent.
Infosys expects revenues to be in the range of Rs 7,699 crore and Rs 7,810 crore (y-o-y growth of 10.8 per cent to 12.4 per cent) for the quarter ending September 30, 2011.
In addition, the company forecast its revenues would be in the range of Rs 31,777 crore and Rs 32,311 crore (y-o-y growth of 15.5 per cent to 17.5 per cent) for the fiscal ended March 31, 2012.
"We continue to focus on high quality growth, balancing both revenue growth and margins," Infosys Member of the Board and Chief Financial Officer V Balakrishnan said.
As of June 30, 2011, Infosys' cash and cash-equivalents, including investments in available-for-sale financial assets and certificates of deposit, stood at Rs 16,969 crore, as against Rs 16,005 crore as of June 30, 2010.
Infosys, which has Goldman Sachs , BT Group and BP Plc among its clients, added 26 new clients during the quarter.
At the end of June 30, the company had 1,33,560 employees, including 2,740 new staff inducted during the first quarter.
Wednesday 13 July 2011
90,000 email IDs of US military contractor hacked
ARTICLE BY GOWTHAM
WASHINGTON: Hackers claim to have stolen over 90,000 email addresses and passwords in a cyber attack on a major US military contractor, a media report said.
An arm of the online collective Anonymous has said that it broke into the computer systems ofBooz Allen Hamilton and then posted the details on Internet, 'The Daily Telegraph' online reported.
They apparently were able to get encrypted versions of the email passwords only, 53,000 of which carried the military ".mil" domains, the report said.
The hackers also wiped out 4GB of Booz Allen source code in an attack they called "Military Meltdown Monday". The group said, "We infiltrated a server on their network that basically had no security measures in place."
Booz Allen provides technological services including cyber-security consulting to the American military and other US government agencies. Its staff includes Michael McConnell, former director of the National Security Agency.
A US Defence Department spokesman said, "We are aware of the incident and coordinating with our federal partners."
A spokesman for Booz Allen said its security policy meant "we generally do not comment on specific threats or actions taken against our systems".
The hacking group responded with the comment, "You have a security policy? We never noticed."
Anonymous became well-known last year for attacking companies including Amazon , Bank of America, Mastercard and Visa, that had cut off services to WikiLeaks and its founder, Julian Assange.
WASHINGTON: Hackers claim to have stolen over 90,000 email addresses and passwords in a cyber attack on a major US military contractor, a media report said.
An arm of the online collective Anonymous has said that it broke into the computer systems ofBooz Allen Hamilton and then posted the details on Internet, 'The Daily Telegraph' online reported.
They apparently were able to get encrypted versions of the email passwords only, 53,000 of which carried the military ".mil" domains, the report said.
The hackers also wiped out 4GB of Booz Allen source code in an attack they called "Military Meltdown Monday". The group said, "We infiltrated a server on their network that basically had no security measures in place."
Booz Allen provides technological services including cyber-security consulting to the American military and other US government agencies. Its staff includes Michael McConnell, former director of the National Security Agency.
A US Defence Department spokesman said, "We are aware of the incident and coordinating with our federal partners."
A spokesman for Booz Allen said its security policy meant "we generally do not comment on specific threats or actions taken against our systems".
The hacking group responded with the comment, "You have a security policy? We never noticed."
Anonymous became well-known last year for attacking companies including Amazon , Bank of America, Mastercard and Visa, that had cut off services to WikiLeaks and its founder, Julian Assange.
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