Indian outsourcing firm Infosys has reported strong fourth quarter profits of £282 million after cost cutting measures.

The company saw a year-on-year 6.7 per cent increase during the quarter with revenue up by around 10 per cent to £1.3 billion.

Despite being pressured to create new services focused on cost optimisation for clients, Infosys’ improvement of services and more work being offshored in India had helped to drive growth.

Reductions in staffing numbers and management restructuring had also helped to reduce overall costs.

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