The analysis below first appeared in Motley Fool CAPS back in February. Click here for more CAPS coverage from this contributor on 17 stocks in the business services sector, including Infosys competitors Accenture (NYSE:ACN) and Wipro (NYSE:WIT).

Infosys Technologies (NASDAQ:INFY) is a global technology services firm that provides comprehensive end-to-end business solutions. It leverages software technology for clients, including consulting, design, development, software reengineering, maintenance, systems integration, package evaluation, and implementation and infrastructure management services. It also provides software products to the banking industry. It has four subsidiaries: Infosys BPO (Progeon), Infosys Australia, Infosys China, and Infosys Consulting.

Technology's role in business has progressed, creating an increasing need for highly skilled technology professionals in the markets. But many corporations are reluctant to increase costs by expanding their internal IT departments. Therefore, reliance on outsourced technology service providers has increased, and it should continue to drive the industry's future growth. A report published by NASSCOM-KPMG in 2004 indicated that the total Indian IT services and IT-enabled services export market is projected to grow to $49 billion by 2009. The above feature endorses the company's opportunities.

The company's top line has grown from $545 million to $2.152 billion, and net income grew from $164 million to $555 million for the last five years ending 2006. Those increases represent a CAGR of 41%. and 35.6%, respectively. The company's BFSI (Banking, Financial Services and Insurance) space has crossed $1 billion, and its BPO service has topped $100 million in revenues during the third quarter of FY 2007, which bodes well for the company.

Another trend for Infosys is its expanding presence in Europe. The company is looking out for acquisitions in the European region in midsized business-process outsourcing (BPO) and software-service providers. Given the above factors, Infosys shares should stand out in the market.

Fast pitches are designed to provide high-level analysis on a wide array of companies from various sectors. This analysis has been provided by Netscribes. Click here for more Netscribes research on a variety of sectors. To provide feedback on this article, please click on the "feedback" button below. Accenture is an Inside Value recommendation.