Bangalore's Infosys, which is India's second largest software exporter, has reported a 2.42 per cent decrease in its profits recently. However, despite its profits falling from last year's 24.7 percent to 20.3 percent this year, Infosys has decided to continue to invest in Europe.

The reason given by Infosys is that though the profit has fallen, the decline is much less in Europe than anywhere else.

Moreover, Europe has shown an overall good growth which demonstrates how the company has taken advantage from other areas. It is also looking to decrease the slowness being faced in Europe.

However, even though situation in Europe still looks stable, Infosys is taking precautions on the continent, mentioning the recent recession that had hit almost the entire world. They are cautious that USA has gone past the recession which is yet to happen in Europe, where the local concerns are still reigning.

There is a consolation that Europe had been hit by recession later than USA, and therefore is soon expected to come out of it, now since USA has been able to manage that.