The Hindu : Business : Infosys BPO to clinch four deals

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Infosys BPO to clinch four deals

Special Correspondent

Starts legal process outsourcing

To add 1,000 employees
Registers 37 p.c. attrition rate

NEW DELHI: Infosys BPO, a subsidiary of Infosys Technologies, on Wednesday said the company was on the growth path and was hoping to bag at least four outsourcing deals between $50 million and $150 million each within the next six months. “We hope to clinch these deals spread across various sectors, including telecom and banking. We have recently signed deals worth $5-7 million,” Infosys BPO Chief Executive Officer and Managing Director, Amitabh Chaudhry said here.

Infosys BPO is also eyeing $250 million revenues in the current fiscal, while it has already recorded revenues of about $176 million in first nine months of 2007-08. “We are well-prepared for any further appreciation in the Indian rupee against the dollar in the next 15-18 months,” said Mr. Chaudhry.

“We are securing 15-25 per cent on renewed contracts. Besides focusing on the business of integrating the IT-BPO solutions for the last 12-18 months, we are also targeting the knowledge services industry in India, which is fast moving up in the value chain. We have also started legal process outsourcing,” said Mr. Chaudhry.

He also said that Infosys BPO would be adding 1,000 employees in the current quarter, while it added 2,400 employees in the third quarter ended December 2007. The company registered an attrition rate of 37 per cent in the third quarter, compared to 34 per cent in the second quarter this fiscal.

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