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INFY » Topics » Our client contracts can typically be terminated without cause and with little or no notice or penalty, which could negatively impact our revenues and profitability.This excerpt taken from the INFY 6-K filed Jul 28, 2005. Our client contracts can typically be terminated without cause and with little or no notice or penalty, which could negatively impact our revenues and profitability. Our clients typically retain us on a non-exclusive, project-by-project basis. Most of our client contracts, including those that are on a fixed-price, fixed-timeframe basis, can be terminated with or without cause, with between zero and 90 days’ notice and without any termination-related penalties. Additionally, our contracts with clients are typically limited to discrete projects without any commitment to a specific volume of business or future work. Our business is dependent on the decisions and actions of our clients, and there are a number of factors relating to our clients that are outside our control which might lead to termination of a project or the loss of a client, including: |
| • | financial difficulties for a client; | |
| • | a change in strategic priorities, resulting in a reduced level of technology spending; | |
| • | a demand for price reductions; |
| • | a change in outsourcing strategy by moving more work to the client’s in-house technology departments or to our competitors; and | |
| • | the replacement by our clients of existing software with packaged software supported by licensors. | |
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Our inability to control the termination of client contracts could have a negative impact on our financial condition and results of operations. This excerpt taken from the INFY 20-F filed Apr 26, 2005. Our client contracts can typically be terminated without cause and with little or no notice or penalty, which could negatively impact our revenues and profitability.
Our clients typically retain us on a non-exclusive, project-by-project basis. Most of our client contracts, including those that are on a fixed-price, fixed-timeframe basis, can be terminated with or without cause, with between zero and 90 days’ notice and without any termination-related penalties. Additionally, our contracts with clients are typically limited to discrete projects without any commitment to a specific volume of business or future work. Our business is dependent on the decisions and actions of our clients, and there are a number of factors relating to our clients that are outside our control which might lead to termination of a project or the loss of a client, including:
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Our inability to control the termination of client contracts could have a negative impact on our financial condition and results of operations.
This excerpt taken from the INFY 6-K filed Feb 23, 2005. Our client contracts can typically be terminated without cause and with little or no notice or penalty, which could negatively impact our revenues and profitability.
Our clients typically retain us on a non-exclusive, project-by-project basis. Most of our client contracts, including those that are on a fixed-price, fixed-timeframe basis, can be terminated with or without cause, with between zero and 90 days’ notice and without any termination-related penalties. Additionally, our contracts with clients are typically limited to discrete projects without any commitment to a specific volume of business or future work. Our business is dependent on the decisions and actions of our clients, and there are a number of factors relating to our clients that are outside our control which might lead to termination of a project or the loss of a client, including:
Our inability to control the termination of client contracts could have a negative impact on our financial condition or results of operations.
This excerpt taken from the INFY 6-K filed Jan 18, 2005. Our client contracts can typically be terminated without cause and with little or no notice or penalty, which could negatively impact our revenues and profitability.
Our clients typically retain us on a non-exclusive, project-by-project basis. Most of our client contracts, including those that are on a fixed-price, fixed-timeframe basis, can be terminated with or without cause, with between zero and 90 days’ notice and without any termination-related penalties. Additionally, our contracts with clients are typically limited to discrete projects without any commitment to a specific volume of business or future work. Our business is dependent on the decisions and actions of our clients, and there are a number of factors relating to our clients that are outside our control which might lead to termination of a project or the loss of a client, including:
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Table of ContentsOur inability to control the termination of client contracts could have a negative impact on our financial condition or results of operations.
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