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Infosys cites Europe crisis as top concern

Infosys cites Europe crisis as top concern
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First Published: Fri, Jan 28 2011. 03 45 PM IST
Updated: Fri, Jan 28 2011. 03 45 PM IST
Davos: Infosys Technologies, India’s No. 2 software exporter, sees the debt crisis in Europe as one of its top concerns.
“Although we can’t do much about it, we can actually increase our footprint and get more customers,” chief executive Kris Gopalakrishnan told Reuters at the World Economic Forum (WEF) in Davos, Switzerland.
Infosys, which counts Goldman Sachs, BT and BP among its clients, plans to hire more people in the new fiscal year, increasing its staff by around 25,000 from its current 127,000.
By 3:17 pm, Infosys’ shares were down 0.94%, outperforming the 30-share BSE index Sensex 1.5% drop.
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First Published: Fri, Jan 28 2011. 03 45 PM IST