Infosys eyeing buyouts abroad

[nithyasubramanian]

ERP implementation, BPO, consulting are the areas in focus
Commitments given to 18,000 campus recruits would be staggered.

HYDERABAD: Infosys Technologies is on the look out for acquisitions in ERP implementation, BPO and consulting space in France, Germany and Japan, according to CEO and Managing Director of the company Kris Gopalakrishnan.

"We are also keen on companies offering services to the healthcare sector as it is not affected by the current global economic downturn," he said on the sidelines of the southern region meeting of the Confederation of Indian Industry (CII) here on Saturday.

He hoped that the U.S. might not adopt a protectionist approach that would affect the outsourcing business. There was no impact on the outsourcing business as yet, as the new policy of withdrawal of tax concessions did not come into force.

If this came into being, there could be a backlash in the U.S. impacting several companies whose revenues came from outside the country.

Most job losses were witnessed in manufacturing, retail and construction industries and it was not due to outsourcing, said Mr .Gopalakrishnan. It would be a challenging period for fresh graduates as the world economy might take some time to recover.

He said that the commitments given to 18,000 campus recruits would be staggered and fresh recruitment from campuses would be delayed.

courtesy : The Hindu.