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Infy BPO to see FY08 revenue at USD 215 mn
IT biggie Infosys Technology declared its Q4 results today. Commenting on the BPO business, the management mentioned that Infosys BPO's FY08 revenue will seen at USD 215 million versus USD 179 million in FY07. Margins will be seen at 23-24%.
IT biggie Infosys Technology declared its Q4 results today.
Commenting on the BPO business, the management expects Infosys BPO's FY08 revenue at USD 215 million versus USD 179 million in FY07. Margins will be seen at 23-24%.
Infosys BPO continued it's growth momentum through the quarter.
The business was ranked fourth globally in the first ever FAO (Finance & Accounting Outsourcing) worldwide ranking of service providers, which was announced during the quarter. During the quarter Infosys acquired 2,11,909 shares of Infosys BPO and entered into a forward agreement to acquire 3,60,417 shares of Infosys BPO of February 2008 from various employess of Infosys BPO. Infosys also paid Rs 58 crore during the quarter to acquire stock options and issued 1,51,933 options of Infosys as a swap to the existing Infosys BPO options held by various employees.
Consequent to this, Infosys' holding in Infosys BPO reached 98.92% as of March 31, 2007.
Director, Human Resources, T V Mohandas Pai informs, "Infosys BPO is guiding something like USD 215 million. They did about USD 179 million this year. They are going to be possibly among the top three players in India."
On business plans, he adds, "It is a 99% subsidiary of Infosys and is a great brand. The margins will be 23-24% excluding any exceptionals. The pricing is slightly attractive because we are going up the value chain. Our F&A has expanded dramatically. We are seeing good growth. Our knowledge service is doing very well, we are winning some unbelievable contracts for work in different areas. It is now a good business."
Commenting on the BPO business, the management expects Infosys BPO's FY08 revenue at USD 215 million versus USD 179 million in FY07. Margins will be seen at 23-24%. 
