Infosys Client Base Firm, Despite Global Recession

by CXOtoday Staff    Jul 29, 2009

Infosys Technologies has been able to retain its customers during the ongoing global recession, said S Gopalakrishnan, CEO and MD

"Infosys has not lost even a single customer during the global recession, but could have lost some revenue from certain companies," he said at a meet organized by CII’s regional unit at Tiruchirappalli

Gopalakrishnan expects the global economic situation to improve by the end of this year and IT activities to emerge on top as before.

According to company sources, the US clients accounted for 62% of its export revenues while it serves 26% of its clients from European nations.

Gopalakrishnan believes that the eco-system for IT industry is fairly well, and India has good capabilities to deliver application, services, design engineering, product design, chip design and consultancy services.

On the domestic front, Infosys, which has already established its units in tier-II cities like Mysore, Mangalore, Kochi, Bhubaneswar and Chandigarh, plans to expand its presence to other tier-II cities like Tiruchirapalli and Madurai in Tamil Nadu once the economy recovers.