Infosys strengthens operations in France amidst increasing demand for high quality IT projects delivered at better price points, on time and to specification
100% growth in French workforce in six months New customers - Schneider Electric, Alstom and EJC
Paris, 2 December 2002: Infosys Technologies Limited, the consulting and information technology services company (NASDAQ:INFY today announced that it has increased its French - speaking workforce by over 100 per cent in the last two trimestres.
The company, which recently announced a global increase in turnover of 32. 1 per cent during the second quarter ended September 30, 2002 compared to the same quarter in 2001, also strengthened its position in France during the last eight months by adding Schneider Electric, Alstom and EJC to its client list. Since establishing commercial presence in France in 1999, Infosys' French client list has grown to include companies, such as Toshiba Systèmes France, Schlumberger and Cardif.
According to Prakash Chellam, Infosys' business development manager, France, 'the company has seen rapid growth in demand for its services during this period reflecting its unique capability to deliver well - defined and high quality business transformation solutions that provide high return on investment. Against this background, Infosys is committed to expanding its French workforce in order to enhance the knowledge base and communications strengths of its client - facing teams'.
Infosys also announced during October that it is to invest $25 million in setting up a disaster recovery centre in French - speaking Mauritius. The centre, capable of accommodating 1500 people, can back up client data and will be on stand - by to take over client projects from France and the rest of the world in case of any emergency.
"The forces of globalisation and growing competition are affecting every economy," emphasised Srinjay Sengupta, Head of Sales, Europe. "If companies don't take action to operate more efficiently - lowering their cost bases, increasing the quality of their IT systems and reducing the time it takes to have projects up - and - running - their future will be at risk. Infosys is contributing to the growth of the French economy, not only by seeking to expand our own local operations, but by partnering with major French companies to transform them into nimble world - class players who are able to use IT as a powerful competitive weapon."
"At a time when most IT software and services companies are declining and reducing their headcount, Infosys has been growing its workforce," he continued. "French business is demanding higher quality services at significantly better price points and with a faster turnaround to keep it competitive in world markets.
We aim to provide a cost arbitrage, deliver solutions on time and to specification - and in that respect we believe we are at the forefront of the industry."