Google & Infosys Experience First Ever Quarterly Income Declines

As if there were need for any more proof of the strength of the global economic recession, both Google and Infosys last week posted their first ever quarterly reduction in earnings since their respective companies were founded. Considering that Infosys was founded in 1981, that is an amazing run of expansion. Google’s income, based largely in internet advertising spending, was reduced significantly as AdSense & AdWords sales declined. Infosys, the Bangalore-based software development and BPO company, has reported not only reductions in corporate IT spending, but is also finding existing clients hesitant to commit to extended long term contracts.

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