Infosys to expand staff in Czech Republic
Infosys Technologies Ltd says it will double its staff at a facility in the Czech Republic to boost operations in Europe.india Updated: Sep 06, 2006 18:30 IST
India's second-largest software services exporter, Infosys Technologies Ltd, said on Wednesday it would more than double its staff at a facility in the Czech Republic to boost operations in Europe.
Nasdaq-listed Infosys will increase the number of employees at the Brno facility to 350 by the beginning of 2007 from 130 now, the company said in a statement.
Set up in 2004, the facility handles business process outsourcing related to finance and accounts and market research for clients across 16 European countries.
Infosys, whose clients include ABN AMRO, Goldman Sachs, and Airbus, said the expansion would help boost services for customers.
"The expansion of Infosys' European facilities reflects the 60 percent growth Infosys has experienced in the region for the past three years," B.G. Srinivas, head of Europe, the Middle East and Africa, said in the statement.
Clients in North America accounted for 64 percent of Infosys' revenue in the June quarter, nearly flat from a year ago, while customers in Europe made up 26.2 percent, up from 23.9 percent.
Shares in Infosys ended little changed at 1,833.55 rupees in a slightly firm Mumbai market.