Preparing for the Upturn through the Downturn
Infosys anticipates demand in outsourcing to revive in early 2010. “People want a clear direction that there could be an economic recovery for them to get confidence and start spending,” says V. Balakrishnan, Chief Financial Officer, Infosys Technologies, in Reuters.com
Speaking at the Reuters Global Technology Summit in Bangalore, Balakrishnan outlined Infosys’ growth strategy. He said that Infosys will use its cash reserves to acquire firms in infrastructure management, consulting and managing call centers. He added that the company will focus on new markets such as Australia, India and China to boost growth. Infosys' strategy of exploring opportunities in new markets is already delivering results. Reuters.com reports that Infosys has won three deals in India and the Middle East in the last five months.
Infosys CEO and Managing Director Kris Gopalakrishnan has also said that the company will hire 1000 employees in the United States in anticipation of growth. “We believe business will be there if we add capabilities, more services and solutions to our portfolio and increase the business volume with the existing customers - that’s how we see growth coming to our business.”
Published with permission of Reuters.com