Infosys hives off products and platform business

12 May 2014

Infosys has hived off its products and platform business into a separate subsidiary -- Edgeverve Systems. The Infosys subsidiary, incorporated in February this year, will focus on developing and selling products and platforms.

The company generates revenue from software application products, including banking software. Such software products represented 3.6%, 4% and 4.6% of the company’s total revenues for fiscal 2014, 2013 and 2012, respectively.

The firm had reported revenues of $8.25 billion, $7.4 billion and $ 6.99 billion for 2013-14, 2012-13 and 2011-12 fiscals.

Infosys is a global leader in consulting, technology and outsourcing solutions. The company enables clients, in more than 30 countries, to stay a step ahead of emerging business trends and outperform the competition.

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