Maintaining the second spot it notched up last year is a company which is perhaps the most valuable among Indian software services players, Infosys Technologies. Infy’s stupendous performance lasted until the fourth quarter of fiscal 2001, where it disappointed the industry with less than expected growth. The company, which announced a growth forecast of 30% for the ongoing year, stunned one and all with its first such announcement. All said and done, Infy’s performance for the year ended March 2001 was fantastic, with revenues growing by 115% to Rs 1,901 crore and net profit surging by 118% to Rs 623 crore. Its gross block at Rs 631.14 crore reflected a growth of 122%. Infosys was ranked at #2 in sales and net profit, #3 in gross block, #8 in sales growth, #16 in profit growth and #7 in gross block growth. Infosys announced that it was feeling the pinch of the tech slowdown and would not grow at the previous years’ blistering pace of 80%-plus. The company raised funds via the ADR route in fiscal 2000-01, but has yet to make any acquisitions with those monies. Notwithstanding its modest projections, Infosys remains one of the most admired companies and is expected to perform far better than its estimated 30% growth rate.