Live
- PVKKIT students secure placement in reputed companies
- Statewide Lokayukta raids target ‘accused’ govt officials
- Aspirants keen to appear for DSC, throng coaching centres
- Union Finance Minister on coastal visit
- JNTUA V-C meets Japanese team
- VSU Prof bags Best Teacher Award
- Alliance Air flight cancellation irks passengers
- Heavy rain lashes Nellore district
- Tirupati: Food safety officials conduct inspections at hotels in city
- Auction of Vehicles on the 14th of This Month: Excise CI Venkat Reddy
Investing heavily in Europe, hiring locals: Infosys
India’s second largest software services firm Infosys is hiring more locals and investing heavily in Europe as it looks to tap into greenfield opportunities in its second largest market. The company is yet to see any impact of Brexit on tech spends and is witnessing a broad-based growth across sectors in Europe, a market that accounts for over 22 per cent of its revenues.
Europe accounts for 22.4% of revenues
New Delhi : India’s second largest software services firm Infosys is hiring more locals and investing heavily in Europe as it looks to tap into greenfield opportunities in its second largest market. The company is yet to see any impact of Brexit on tech spends and is witnessing a broad-based growth across sectors in Europe, a market that accounts for over 22 per cent of its revenues.
“We’re continuing to invest fairly heavily in Europe in terms of local hiring, in terms of beefing up our hunting and our farming teams for our accounts,” Infosys President and Head (Financial Services) Mohit Joshi said on an investor call. He added that growth in Europe has been broad-based across all sectors and reasonably spread out. Joshi, however, did not specify the quantum of investments for Europe.
Europe accounted for 22.4 per cent of the company’s $2.65 billion (Rs 17,078 crore) revenue during April-June 2017 quarter. The US, which is the largest market for Infosys much like its peers, accounted for over 61 per cent of the topline. Compared to the US that grew 1.3 per cent on a sequential basis, Europe expanded by 4.7 per cent during the June quarter.
