Good times ahead for Infosys Technologies
With recovery coming in the West and most importantly in the US, the good times are coming back for Infosys Technologies Ltd. In an interview with Dow Jones Newswires, Infosys CEO Kris Gopalakrishnan said that the company is now looking forward to increase in its discretionary incomes. The clients have increased their discretionary spending which is an indication of economic recovery.
India's second largest software company in terms of export income, Infosys, mainly derives its business from foreign clients. Kris is worried that the heightened protectionism by countries and companies can turn out to be a problem for it. However, he expects to see discretionary contracts worth $50 million.
The company is now looking for emerging markets as its next destination.
Kris said during the NASSCOM Leadership Forum that the company is now looking forward to hire no less than 15,000 employees during 2011. He said that total gross offers close to 25,000 will be made and the final number will be decided later. But the company as of now would require 15,000 people.
Infosys is also looking forward to acquisitions. But in midst of all the good news, the major concern for the company is currency fluctuation.