Infosys looking at acquisitions in all geographies: CEO
IT major Infosys Technologies Ltd is scouting for acquisitions in "all geographies" to expand its overseas footprint, says Gopalakrishnan.business Updated: Jul 25, 2007 13:43 IST
IT major Infosys Technologies Ltd is scouting for acquisitions in "all geographies" to expand its overseas footprint, the company's Chief Executive Officer and Managing Director S Gopalakrishnan said.
Gopalakrishnan said it has started investing in Japan, China, Europe, Australia and the US in order to fill gaps in their services offerings.
"We look at acquisitions to fill gaps in our services as well as accelerate our growth in certain geographies where we have less presence today", Gopalakrishnan told PTI.
"And if you are looking at where we are investing today...Japan, China, Europe, Australia and even in the US to fill the gaps in our services. In that sense, we are looking at all geographies (for acquisitions)", he said.
"There is always something being evaluated (potential acquisitions)", Gopalakrishnan said. The NASDAQ-listed firm had cash and cash equivalents of USD 1.6 billion (Rs 6,442 crore) as on June 30 this year.
Speaking on his role as CEO, Gopalakrishnan said stepping into the shoes of NR Narayana Murthy and Nandan M Nilekani who held the post earlier is challenging as the company has been successful under their leadership, and (now) there is a lot of expectation about where it is going. The company today is operating in an environment which is changing, he said.