Infosys Sees Drop in New Clients
Infosys Technologies has reported a decline in the number of clients from 579 in quarter ended March 31, 2009 to 569 in quarter ended June 30, 2009. Similarly, on the active customers front, the company has seen a decline from 37 to 27 clients.
Kris Gopalakrishnan, CEO of Infosys Technologies, said, "We believe that in the short term the global environment will continue to be challenging, and we are closely working with our clients to help them navigate the downturn."
After talking to our clients, we can expect positive growth back on the tracks by middle of 2010," he said. Till then, he said, Infosys shall continue to see a flat growth. In fact, an analysis technology report indicates that IT spending has come down to 6-7% in 2009.
However, Infosys claims they have added 27 new clients during this quarter, out of which two are from Fortune 500 companies. "We continue to add new clients in banking and capital markets and in telecom, retail and also in the government sectors," Gopalakrishnan said.
Infosys has won three major outsourcing deals and also three transformational deals during this quarter. Among the new deals include solution-based engagements and systems integration projects.
Alberto Culver, a manufacturer and marketer of beauty care products, has selected Infosys to enhance its trade promotional effectiveness. Telstra, an Australian telecommunication and information services company, has selected Infosys as one of its key strategy partners to support its five years Aus $450-million contract for application development and maintenance. In fact, Telstra was initially Satyam s client and only recently moved over to Infosys.
A leading bank has chosen Infosys to help it architect a future state platform for client payment authorization as well as conduct performance testing on one of its key online banking channels. Waitrose, a food retailer, has opted for Infosys as its partner for multi-channel commerce transformation program.
Besides, a developer and marketer of video games software and content is using Infosys enterprise collaboration platform to ensure sustained community interaction and innovation management.
Another bank has chosen Infosys to help it architect a future-state platform for client s payment authorization as well as conduct performance testing on one of its key online banking channels.
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