Business Daily from THE HINDU group of publications Saturday, Dec 20, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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Info-Tech
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Outlook KPIT Cummins sticks to guidance Phalguna Jandhyala Hyderabad, Dec. 19 KPIT Cummins Infosystems Ltd does not foresee a huge impact on its revenues because of the difficulties faced by US auto firms. Speaking to Business Line here on Friday, Mr Kishor Patil, Chief Executive Officer and Managing Director, said: “We have less than six per cent exposure to the Big Three auto companies in the US; that is why we see lesser impact and no change in guidance,” Mr Patil said. Revenue modelAround 30 per cent of the company’s total revenues are from the automotive sector, while 35 per cent comes from industrial and farm equipment sector. The semi-conductor and consumer electronics segment also contributes a major share. Other focusHe said that as part of the long-term strategy, the company is looking at the small car segment and also focussing on fuel efficiency and emissions, among others. The service offerings for the automotive industry extend from engineering, enterprise IT to BPO solutions. “We have hired around 700 employees so far this year, which is around 50 per cent of what we intended at the beginning of the fiscal. Also we have increased the hours that each employee has to put in by half-an-hour each day,” he said. KPIT buys design biz of Harita TVS KPIT Cummins revenue rises 42% KPIT Cummins' revenue up More Stories on : Outlook | Software
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