Can Infosys be the comeback kid on the campus?

Back in 2004-05, when we used to get an offer letter from Infosys in hand we used to simply throw away all the offer letters of the competition. When will we get back to that position on the campus? This question was thrown at the management of Infosys as it addressed a presser post third quarter results.

"I am so happy to hear that," replied the IT major's founder and executive chairman Narayana Murthy.

"You throwing away offer letters from the competition is our aspirational target. When we talk about aspirational target, it's very difficult to give a clear deadline by which we would achieve that; but let me assure you that every hour of the working day we are concerned about making Infosys the aspirational company that it was. We will leave no stone unturned to make sure that it happens," Mr Murthy said.

"But I am not in a position to tell by what date we will be able to achieve that objetive, but there are lots of initiatives within the company that are all work in progress. Therefore, we cannot talk about it; and I hope that will all yield results that you and all of us at Infosys want," he added.

The country's second largest IT service exporter today reported a stellar 21.4 per cent rise in net profit for the quarter ended December 31 at Rs 2,875 crore as against Rs 2,369 crore for the year-ago period.

The company also revised its dollar revenue guidance for fiscal year FY14 to 11.5-12%.

Sales rose 25% in rupee terms to Rs 13,026 crore from Rs 10,424 crore.

Analysts remain positive on the company as the US and the European countries are seeing an economic revival, and this augurs well for the Indian IT industry.

The US accounts for close to two-thirds of the sector's revenue.