Second largest software and services exporter from India, Infosys Technologies is looking for acquisitions in Europe and Japan. It may acquire some consulting, SAP implementation and BPO firms with deals worth $600-700 million.
CEO of Infosys Technologies, Kris Gopalakrishnan said at the India Economic Summit, that the company would go for its expansion plans despite global slowdown and credit crunch. He termed China, Mexico and Eastern Europe as favorite destinations of the company and remarked that the company intends to invest in these countries in coming times.
Kris said that the company is unlikely to perform well in December quarter due to the global slow down and its revenue may decrease following depreciation of Rupee against Dollar. The company has substantial exposure in the US market and its 40 per cent revenue comes from non-US markets including European countries.
Infosys Technologies would recruit 25,000 employees in the current fiscal despite slowdown in IT segment. It would use this opportunity to train their employees and increase R & D activities. The company will adopt cost cutting measures such as cutting discretionary spending and entertainment activities.
