The Hindu Business Line : ‘Virgin markets continue to be strategic fit’

Bangalore, April 15 Infosys Technologies has said it will continue to invest in “virgin” markets as part of its “long term strategy” to reduce dependence on North America.

New markets include China, West Asia, Australia, Latin America, Japan and Canada.

Europe has already made significant contributions to the company’s revenue this quarter.

Revenues from North America have dipped to 60.7 per cent in the latest quarter – from 62.6 per cent in Q4 2007, while those from Europe have increased to 29.3 per cent (26.6 per cent). About 2/3rd of European revenues came from the UK.

The growth areas are BFSI, manufacturing, communication services and aerospace. 3G licensing services have opened up in the US and Europe and Infosys sees an opportunity here.

With specific reference to China, Mr S.D. Shibulal, Chief Operating Officer, Infosys, said China will continue to be on an “investment mode” although there were some challenges in getting global clients to China due to concerns such as IPR issues.

“We are investing on sales force in China and expect more clients to come to China for global delivery,” said Mr Shibulal.

India is also on the company’s radar. Infosys has set up a separate unit to focus on India.

Lately, the company has been bagging big deals from India, said Mr Shibulal.

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