Financial Daily from THE HINDU group of publications
Thursday, Feb 23, 2006
Financial Daily from THE HINDU group of publications Thursday, Feb 23, 2006 |
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Overseas Investments Info-Tech - Software Corporate - Outlook Infosys remote centre in Prague by April — Infrastructure management service revenue to cross $100 m Our Bureau
Bangalore , Feb. 22 INFOSYS Technologies Ltd said on Wednesday it expected revenues from its infrastructure management service (IMS) to cross $100 million this fiscal, accounting for five per cent of total revenue, up from $55 million in the previous year. To augment its IMS capabilities, Infosys is setting up its first overseas remote centre in Prague that would be operational by April, said Ms Priti Rao, Vice-President. Infosys' IMS business has seen a CAGR of 135 per cent over last few years. "We are aiming to grow at the same level," she said. Infosys' IMS practice currently has around 2,000 professionals, operating from about four centres in India, of which close to 700 were added this year. The five-year-old practice serves around 70 clients. "We expect to hire about 50-60 people for the Prague centre initially and double it over the year," Ms Rao said. Progeon, the BPO subsidiary, already has a centre in Prague. "We did not have to build the centre from scratch," she said, adding the Prague centre would bridge the near-shore capabilities. The infrastructure outsourcing market was growing significantly and various estimates peg the market size to be around $100-150 billion, of which the remote IMS market was at $55 billion. The average deal sizes in the IMS space are between $5 and $10 million a year, she said. Mr S. Gopalakrishnan, Deputy Managing Director and COO, said the company's IMS practice was seeing good traction and was growing faster than the rest of the business. Replying to a query, Mr Gopalakrishnan said Infosys was not keen on taking over or owning the infrastructure assets of its clients and would only manage them. "Selectively, we may take over the assets in some deals in collaboration with a partner," he said. Takeover of clients' infrastructure was a major component of some of the mega deals signed in the last couple of quarters. Mr Arun Ramu, Vice-President and head of independent validation solutions, said his division was growing on a par with the IMS practice and accounted for 6.2 per cent of Infosys' Q3 revenues. The company in its bid to ensure the continued availability of skilled professionals for its software testing practice has started training the employees. "About 500 people were trained in the software testing last quarter," he added.
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