October 10 2008, 09:40:22 IST | MADHAV A CHANCHANI Infosys said that it has a profitable SAP-led business and the decision will have no impact on its plans. Infosys sticks to its fiscal conservatism and has said that it will not submit a higher bid to counter HCL's bid for acquisition of Axon Group plc. The IT giant said in a statement - "After careful consideration, the Board of Infosys has concluded that it will not increase the price of its original offer dated August 25, 2008." This clears the field for HCL to takeover UK-based SAP software consultant Axon. While Infosys has put a bid of 600 pence, HCL countered that...
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