Infosys is looking to spend between $200 million to $300 million to acquire firms in the technology infrastructure management, consulting and backoffice outsourcing
Infosys Technologies Ltd expects outsourcing demand to pick up in early 2010, but the current business environment was challenging as a slowing world economy crimped spending, its chief financial officer said.
"At the macro level there is some confidence back, people are slightly more comfortable, but on the ground things are still the same," V. Balakrishnan said, referring to the global economic downturn that has battered information technology spending.
"People want a clear direction that there could be an economic recovery for them to get confidence and start spending. That is some way to go," Balakrishnan said Global Technology Summit in
India's second-largest software services exporter is looking to spend between $200 million to $300 million to acquire firms in the technology infrastructure management, consulting and backoffice outsourcing to boost growth, he said.
Source: The Economic Times
0 comments:
Post a Comment