Datacraft sees India revenues driving Asia growth

Datacraft sees India revenues driving Asia growth
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First Published: Thu, Jun 19 2008. 01 17 PM IST
Updated: Thu, Jun 19 2008. 01 17 PM IST
Mumbai: Southeast Asia’s largest computer data network builder, Datacraft Asia Ltd, sees its India revenues rising 30-35% in the next few years, a senior official said on Thursday, 19 June.
In the 12-month period to March 2009, the company is expecting its India operations to report revenues of Rs15 billion ($350 million), up from Rs9.6 billion now.
Datacraft, a unit of South African information technology group Dimension Data Holdings, builds and maintains computer networks for banks, telecommunications and technology firms.
“The financial services sector is seeing a strong growth in Asia,” Andy Cocks, director, solutions development group and alliances, told Reuters in an interview.
“Contrary to the gloom and doom in Europe, we are yet to see a material slow-down in Asia in the financial services sector.” India and China are expected to lead the Asia story, he added.
Its India revenues nearly mirror its Asia operations with about a third coming from financial services, followed by media and telecoms and then manufacturing.
In India, which generates 20% of Datacraft’s Asia-Pacific revenues, the company has a large clientele of back-office firms which contribute about 25% to its revenues.
“The BPO market is flattening,” Cocks said, adding a number of back-office firms were shifting their operations to the Philippines and China.
Datacraft provides data centre and storage services for companies which can manage their information more efficiently. “There is huge demand for data centres and a large number are being built,” Cocks said.
Setting up a data centre could cost anywhere between $5 million-$10 million. Datacraft is looking at up to $30 million worth of business in India from data centres next year.
In the federal budget for 2008-09, finance minister P. Chidambaram had provided Rs2.75 billion to the Department of Information Technology for data centres.
The company is also scouting for acquisitions in India in the data centre and call centre businesses. While it has set aside up to $40 million for acquisitions, the actual size of the deals would be smaller, Cocks said.
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First Published: Thu, Jun 19 2008. 01 17 PM IST