BANGALORE, INDIA: In a bid to increase non-US revenues, Infosys Technologies Ltd plans to expand its market to newer geographies.
"Europe is a focus area for us. In Africa we have already installed Finacle and we will expand in that space. In services, we will continue to expand our market in newer geographies," Kris Gopalakrishnan, CEO and managing director of Infosys, told the media after the company announced its Q1 results on Thursday.
Infosys will set up a development center in Mexico this year. The company is planning to continue to invest more in China and recruit more people in that country.
During the first quarter this year North America contributed 62.6 per cent of the total revenue of the company. Europe contributed 26.8 per cent and rest of the world 8.8 per cent.
V Balakrishnan, Infosys chief financial officer (CFO) said that in the BPO space the impact of rupee appreciation on is significant. The company is looking at expansion in Manila, Malaysia, Mexico especially for the BPO services.
Talking about Infosys Consultancy, a subsidiary of Infosys, which has reported loss during the first quarter of 2007, Balakrishnan informed that the loss compared to the last quarter has come down. It is still in the investment mode. It will take another year to break even. Infosys consultancy has reported revenues of Rs 52 crore this quarter.
The company is diversifying its HR base and recruiting more people in the
geographies it is looking at for BPO services. For IT services, skilled manpower is being recruited in India and China.
Currently, Infosys has people belonging to 65 nationalities. Infosys is planning to recruit 26,000 this fiscal year.