MoneyWorks4Me

Infosys scouting for acquisition to grow its products and platform business

07 Sep 2012 Evaluate

In a bid to strengthen its product line, Infosys Technologies is scouting for acquisition route. The acquisition will help the company to grow its products and platform business which it expects to contribute 33 percent of its revenues in the next 5-7 years. At present, the segment contributes a little over 6 percent to revenues.

Moreover, the company has nine products from six platforms at the end of FY11 and is planning to reach a portfolio of 12 products and 12 platforms. In this regard, the company is looking at building IP assets themselves and will also partner with its clients to co-create (assets).

Peers
Company Name CMP
TCS 2528.00
Infosys 1154.50
HCL Technologies 1424.00
Wipro 189.75
Tech Mahindra 1789.40
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