Monday, January 28, 2008

Infy BPO to ink 4 deals worth USD 50-150 mn each


Infosys BPO, a subsidiary of IT major Infosys, on Wednesday said the company expects to bag around four outsourcing deals worth 50-150 million dollar each, across various sectors in the next 3-6 months.

The deals would range from various sectors such as telecom, banking and others, Infosys BPO Chief Executive Officer and MD Amitabh Chaudhry told reporters declining to divulge further details.

"We have recently signed small deals worth 5-7 million dollar each and are hopeful of signing 3-4 more deals worth 50-150 dollar in the next 3-6 months," he said.

The firm is also eyeing a revenue of 250 million dollar for the fiscal year 2007-08, he said. It has already recorded revenues of about 176 million dollar in first nine months of FY08.

He said, the company is securing 15-25 per cent on renewed contracts. The company started working on integrating the IT-BPO solutions for the last 12-18 months, he said.

Infosys BPO is also betting big on the potential of the knowledge services industry in India, which is fast moving up in the value chain. Besides, it has also started legal process outsourcing.

The effect of the sub-prime crisis in the market will be "positive" for Infosys BPO in the long term, Chaudhry said adding, however, for the short term there could be a possibility of a partial delay in outsourcing.