"We plan to expand our relationships in Australia and Japan to further de-risk our portfolio, and are rapidly scaling up our China operations," Nandan M Nilekani company's CEO and S Gopalakrishnan, chief operating officer said.
Geographical diversification has been a key aspect of the company's growth strategy, they said in the Nasdaq -listed firm's 2004-05 annual report.
Infosys China has expanded employee strength to 122, and currently has customers across North America, Asia Pacific region and China.
The company said while the US continues to be the major market, it monitors geographical concentration periodically to maintain a balance, understanding the fact that high concentration in any single business segment exposes it to the risks inherent in that segment.
Significantly, in 2003-04, 71.2 per cent of its revenues came from North America; the figure came down to 65.2 per cent in 2004-05. The share of Europe went up from 19.2 per cent to 22.3 per cent.
"Growth across Europe continued to be strong and revenues have grown by about 70 per cent," the company said. "We continue to hold a premium position in the Japanese market through our high-value, high-margin services."
"APAC share today accounts for 9.9 per cent of the company's revenue, up from 7.3 per cent last year," Nilekani and Gopalakrishnan added.
Infosys Technologies (Australia) serviced 11 clients and generated revenues of Rs 303.23 crore (Rs 3.03 billion), with a net loss of Rs 1.28 crore (Rs 12.8 million) last year.
Its wholly-owned Chinese subsidiary Infosys Technologies (Shanghai) serviced 12 clients, and generated revenues of Rs 8.19 crore (Rs 81.9 million), with a net loss of Rs 8.39 crore (Rs 83.9 million).