The company has articulated an acquisition strategy that will help in fulfilling gaps in terms of capabilities or geographic locations and given the resources at the company‘s disposal, the only limiting factor is the management bandwidth, says Krishna Bodanapu, President & COO of Infotech.
Though Krishna Bodanapu, President and COO of Infotech Enterprises feels that the company may face some short-term challenges in Q4, he is confident of things being positive in FY14.
Infotech Enterprises was included in the CNX IT Index. BVR Mohan Reddy, CMD of Infotech Enterprises in an interview to CNBC-TV18 said it was very gratifying that their company was included in the CNX IT Index.
BVR Mohan Reddy, CMD, Infotech Enterprises, says that in Q1 our volume growth was 2%, excluding foreign exchange and we may see Q2 growth in the range of 4%. We are expecting 3% growth in engineering, 5% growth in our utilities, telecom and content engineering market. This will give the company an overall average growth of 4%.
Chairman and managing director of Infotech Enterprises BVR Mohan Reddy tells CNBC-TV18 that the company will post revenue growth of 25-26% in rupee terms and operating margins of 17-17.5% for FY12.