Infosys says increase in outsourcing deals
IT major, Infosys Technologies, has witnessed an increase in outsourcing deals as all major markets are back on the recovery track, a top company official said.business Updated: Mar 10, 2010 17:36 IST
IT major, Infosys Technologies, has witnessed an increase in outsourcing deals as all major markets are back on the recovery track, a top company official said.
"What has changed in the last two quarters is that the markets have improved and deals are coming back. We see more deal-flows," Infosys' CEO and Managing Director, S Gopalakrishnan, told reporters on the sidelines of a CII meet in Mumbai on Wednesday.
As the deal pipeline is improving, the IT major is looking at diversifying its business worldwide
"The recovery is led by the US and other emerging markets such as India and China. The US contributes 60 per cent of the total business. Clearly this is having more impact on the Indian IT services. Proactively we are investing more on diversifying our business," he said.
Presently, the company's revenue distribution is 60 per cent from North America, 25 per cent from Europe and the balance from other parts of the world.
"In 5-years from now, we see the revenue distribution at 40 per cent from North America, 40 per cent from Europe and 20 per cent from rest of the world," Gopalakrishnan said.