Infosys Bags 32 New Contracts in Q3

by Manu Sharma    Jan 12, 2010

Infosys Technologies said it has added 32 new customers during quarter ending December 31, 2009, including two major Indian customers in the power sector.
The technology company now has 568 active customers till December 31, 2009 compared to 571 in quarter ending September 30.  
Announcing the results for the quarter ending December 31, 2009, S. Gopalakrishnan, chief executive officer and managing director of Infosys Technologies, said, "The worst is now behind us and in the last two quarters we have seen good growth." 
Out of the 32 new customers, 14 are from the manufacturing sector spread across geographies and the rest from the other sectors. Our recovery was led by the improvement of the US economy and the BFSI vertical, said Gopalakrishnan.
According to HR. Binod, head of Infosys India business unit, the new Indian customers in the power sector are mainly looking to automate their systems and reduce the T&D losses. "One of the projects is the APDRP project, amounting to Rs 398 crore from the Government of Karnataka, and the other is an Orissa-based smart grid power project amounting to Rs 10 crore. Both are for power utility projects."
"We bid for the Karnataka project in end of Q2 in August 2009 that went through a long bidding process with rebidding and finally bagged the project in the end of November 2009," said Binod.
Infosys is actively looking at government contracts in India since they are the biggest spenders. "In fact, we were the lowest bidders for these projects," said Binod.
Among the other major projects Infosys bagged include: Intellectual Property (IP)-based solutions, New Engagement Models (NEMs) that offer flexible pricing and operational control to clients.
During the quarter, Infosys launched Flypp, an application platform that enables mobile service providers to enhance customers experience with a host of ready-to-use experimental applications across several devices.
A health insurance major bought Infosys s iTransform product suite that assists clients in complying with the US Federal Government s mandate on HIPAA 5010 and ICD 10 standards, efficiently and cost effectively.
A Customer Packaged Goods (CPG) major bought the Procurement Module of Supply Chain Visibility product suite to cut sourcing cycle times and leakages in procurement spend through better monitoring, compliance and governance mechanisms.
Infosys announced its ShoppingTrip360 solution, an innovative managed service platform that offers retailers and CPG companies insight into real-time shoppers and shelf activity.
The technology company has bagged a project from a provider of security testing software solutions to engineer leading-edge penetrative testing products. Besides Infosys is also helping a leading provider of virtualisation, networking and SaaS technologies to design its architecture for Master Data Management.