Cybage revenue from non-US markets to go up

By : |September 6, 2007 0

PUNE, INDIA: Offshore services company Cybage will increase action in non-US geographies in the next two years.

From a ten per cent share to revenue that comes from India, Europe, Australia and New Zealand, the plan is to hit 20 per cent in the given time period. But this is not a reaction to the current US slowdown, the company said.

Arun Nathani managing director and CEO, Cybage says, “We will not lose our focus on the US markets that makes up 90 per cent of our total business. But we are spreading wings in Europe where Netherlands and UK will be hot targets. We will accentuate our presence in France, Italy, Belgium, Australia and New Zealand too. We have a good mix of customers here already.”

Discounting concerns from the recent jitters in the US market, he clarified, “On a micro level we have not been impacted at all. On the contrary, our business from the US has increased.” The company has clients like Microsoft, Symantec – Altiris, Electronic Arts, Google – DoubleClick and DigitalRiver. It is adding 30 new customers in a year of which 50 per cent is coming from hot verticals like Travel and Hospitality, and Internet Advertising and Entertainment.

There are no plans though of entering the component side of the framework space, given its forte in OPD industry. “We will do it but only when we are ready for it. It’s better to go sequentially and we are currently working on the first step towards the same by harvesting our knowledge expertise from subject matter experts. It’s the skill side of frameworks.”

Cybage ended the financial year March 07 with a turnover of over 180-crore, up from Rs 109-crore in the previous year. The company, which made it to the DataQuest Top 20 Best IT Employers in India for the year 2007, is in close vicinity of hitting the avowed target of 3,000-people by March 08. Its attrition rate stands at 17 to 18 per cent while the bench strength is ten per cent of the total lot.

In Pune, a 5000-seater campus at an investment of over Rs 80-crore is underway. This would consolidate the three centers in the city. It has opened a 350-seater development centre in Gandhinagar – Gujarat at an investment of over Rs 10 crore in January.

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