Infosys Technologies Ltd., riding a boom in offshore outsourcing, reported that its revenue had surpassed US$2 billion for its fiscal year ended March 31. Bangalore, India-based Infosys reported revenue of $2.15 billion for the year, up by 35 percent over revenue of $1.6 billion in fiscal 2005. Profits for the year rose 32 percent, to $555 million. Infosys has forecast sales growth of 28 percent to 30 percent in fiscal 2007.

CA to buy software vendor for $75M

CA Inc. has agreed to buy Cybermation Inc., a maker of enterprise workload automation software, for $75 million. Islandia, N.Y.-based CA said it will add Cybermation's tools to its workload automation offerings. A privately held company based in Markham, Ontario, Cybermation reported revenue of about $30 million in 2005. CA expects the deal to close within 30 days.

AMD's Q1 revenue and profits improve

Advanced Micro Devices Inc. reported healthy increases in sales and profits in its first quarter, which ended March 26. Strong demand for dual-core processors led to record sales of AMD's Opteron processor in the quarter.