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Infosys BPO announced

by laxman
August 31st, 2007

Infosys BPO announced on wednesday that it would focus more on the clients based in the countries others than the US to sustain its curtent 70 percent annual growth. Infosys BPO ltd CEO and managing Amitabh Chaudhry said, “Our current business exposure to the US is around 60 percent. Since the profit margins of most of finance sector companies in the US are currently going down, we have planned to curtail our current US exposure to maximum 50 percent level in order to sustain the current 70 percent annual growth of our company.Also, the last two quarters in the US have witnessed a major slowdown in the economy.

We have assessed other overseas locations like Europe and Australia as more lucrative in terms of future growth prospects ideally, we wish to maintain our foreign business exposure in the ratio 50(US):30(Europe):20(other countries). Commenting on the effect of the US sub prime crisis in india,he said, the impact of the US mortage subprime crisis is expected to cause a revenue loss of a $1 million for us in the current fiscal However,it is too premature yet to assess the exact quantum of the damage.

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