India's second largest IT Company Infosys Technologies is doing good with its back office business also. Company now expects a revenue growth of 18 to 20 percent in this business in financial year beginning from April.

Infosys BPO chief executive and managing director, D Swami Nathan revealed in an interview that he is expecting an operating margins growth of 20 to 22 percent in FY 2011-12. He also shared his plans of increasing employee strength.

He informed about the company's plan of hiring 8000 more employees in coming fiscal year. He also expects attrition in order to stabilize this growth. Swami Nathan was talking in sidelines of a conference.

Bangalore based Infosys is prominent business process outsourcing service provider to leading companies around the world. India is a world leader in BPO and covers 40% of the offshore BPO market in world.

According to an estimate made by Nasscom, India BPO exports will grow 14% in this fiscal to reach $14 billion. Domestic BPO segment is also seeing a fast growth as banks, telecoms, education, healthcare etc sectors now need more IT enabled solutions. With this, domestic IT demand is expected to grow more than 3 times faster than global IT requirements. Global IT expenditure is likely to grow 5.5% to 6% in FY 2011 while domestic IT expenditure is expected to grow at 15-16%.