Infosys Ltd.

BSE: 500209 | NSE: INFY
Large Cap | IT - Software
1318.60
-0.30 (-0.02%)
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Infosys scouting for acquisition to grow its products and platform business

Date: 07-09-2012

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).