Infy eyeing overseas buys

Infy eyeing overseas buys

Kris Gopalakrishnan

“The size of the company should be around $450-500 million,” Gopalakrishnan told reporters on the sidelines of a seminar organised by the Confederation of Indian Industry (CII). Infosys is looking at companies serving sectors such as energy and health care.

The geographies the company is looking at also includes the Middle-East and Japan, he added. The US accounts for around 62 per cent and Europe around 26 per cent of the company’s total revenues of $4.6 billion. The company is now looking at increasing the revenue share from Europe to 30 per cent. Regarding recruitments, Gopalakrishnan said the company had hired 18,000 people in 2008, adding that it would look into further recruitment next January-February depending on the economic scenario. He said the company would honour all the 18,000 campus hiring commitments made during this year. However, campus recruitments for next year would depend on the situation then, Gopalakrishnan said.

Further, he said, there were no immediate plans to appoint a co-chairman, a post vacated by one of its founder Nandan Nilekani. Infosys is pursuing contract deals worth $1 billion, he added.

Go slow in West Bengal
Further, Gopalakrishnan said they would wait for revival in the economy before going ahead with its expansion plans in West Bengal. “We need to wait as the situation is not clear,” he said. He said though the firm was committed to the project in the long term, it would wait till the economy recovers.

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