08 June 2009

Infosys plots swing in market focus

INFOSYS Technologies is trying to increase its share of revenue coming from markets other than the US to 60 per cent from 40 per cent, chief executive Senapathy Gopalakrishnan said.

"There is a pressing need to make the transition" towards emerging markets, Mr Gopalakrishnan said in an interview in Bangalore yesterday. The aim is to change the proportion of revenue the company earns from customers in the US, Europe and the rest of the world to 40:40:20 from 60:30:10 currently, he said. Mr Gopalakrishnan, 54, faces the toughest challenge of his two-year term as the computer-services provider's top clients cut technology spending amid the recession, forcing the company to forecast its first annual sales decline. Mounting resentment in the US against companies sending work overseas may also make it harder for Infosys to win orders in its biggest market. Infosys, India's second-largest provider of computer services, has drawn up a shortlist of two to three companies for possible acquisition, Mr Gopalakrishnan said. The potential purchase will be of a company that will contribute about 10 per cent of the Bangalore-based provider's revenue and that operates in a non-English speaking developed market, he said. Infosys did not see a revival in demand until the middle of next year, he said on May 29. Bloomberg

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Another service offered by incompetent cheap labour.

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