BANGALORE, INDIA: Indian IT giant Infosys Technologies, which today reported a dip of over 7 per cent in its quarterly profit compared to the previous quarter, said that that the company and its subsidiaries added 38 clients during the quarter.

While the net addition of employees stood at 1,026, the gross addition for the quarter was 8,859. As on June 30, 2010, Infosys and its subsidiaries had 1,14,822 employees.

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Despite the surprise drop in quarterly profit, Infosys raised its full-year revenue forecast on hopes of strong outsourcing demand from overseas clients.

The company, which counts Goldman Sachs, BT Group and BP among its more than 550 customers, forecast its 2010/11 dollar revenue to rise 19 per cent to 21 per cent, higher than 16-18 per cent projected in April.

"While the global economic environment remains uncertain, we continue to see greater demand for services from our clients," said chief executive S. Gopalakrishnan. "The challenge for the industry is to enhance the investment to grow the business, given the uncertainty in the environment."

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Infosys, known for its conservative outlook, has raised its full-year revenue growth forecast in dollar terms in the last three consecutive quarters.

The company expects earnings per American depositary share to rise 5.2 percent to 9.6 percent for the year, up from its previous forecast of 4.3 percent to 8.6 percent.

Infosys shares, valued at about $36 billion, traded down 2.94 per cent at 2,809.70 rupees at 10. 25 a.m IST, after the results announcement. The main Mumbai market .BSESN was down 0.1 percent.

On Monday, the shares had hit a record high for the second session in a row.

Infosys and local rivals Tata Consultancy Services and Wipro are boosting hiring and have raised salaries by 10 to 20 percent on average to keep staff from being poached by global rivals in a strong market.

(With inputs from Reuters)