BUSINESS

Infosys bullish on overseas deals

Source:PTI
October 30, 2007

India's second largest software exporter Infosys on Tuesday said it is pursuing 15 deals worth $100 million overseas, while it expects to earn more than five per cent of its total revenue over the next 5 years from the country.

"We are in the reckoning for 15 deals of $100 million plus outside India," Krish Gopalakrishnan, managing director and CEO, Infosys Technologies said.

The company, which has recently set up a special business unit to drive its revenues from India - currently at 3 per cent, aims to have significant revenues from the local market.

"India will be a significant part of our revenue profile, by significant, I mean it is over 5 per cent, Gopalakrishnan said, adding that the drivers of growth in India will be financial services, telecom, manufacturing and retail.

He said the addressable Indian IT services market is worth about $5-6 billion.

Source: PTI
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