Infosys likely to invest $125-150 million for campus in China

21 May 2011 Evaluate

IT major Infosys Technologies, India's second-biggest software services exporter is planning to invest around $125 million to $150 million (approximately Rs 560 to Rs 675 crore) in a new campus in China. The project will be completed over a period of 3 years and will have a sitting capacity of 8,000 employees.

In fiscal year ending March 2011, Infosys China, which currently employs over 3,300 people, reported revenues of over $78 million.

Besides, IT major Infosys Technologies is eager to buyout a consulting firm that has deep penetration into European or Japanese markets. The company specifically is looking out for consulting firm in the area of the business transformation and it is reported that the IT bellwether is even in talks with a few companies in Europe for acquisition. This development comes right after the company announced its Leadership Succession. The company however, for this has not set aside any budget for acquisition and at the moment it is just exploring an opportunity for overseas acquisition.

Recently, the company announced its results for the quarter and year ended March 31, 2011. The company’s net profit soared by 20.98% for the fourth quarter ended March 31, 2011 to Rs 1730 crore as compared to Rs 1430 crore in the same quarter last year. For the year ended, the company has reported a jump of 11.03% in its net profit at Rs 6443 crore as compared to Rs 5803 crore for the year ended March 31, 2010.

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