There was a time when Infosys Technologies, India's second largest software exporter, wanted to reduce its overdependence on the North American market by increasing its revenue from Europe and the rest of the world. The economic uncertainty in Europe now, though, is forcing a strategy rethink.
'Kris' Gopalakrishnan, CEO and MD of the Bangalore-headquartered Infosys spoke to Bibhu Ranjan Mishra and Ravi Menon on key strategies the company is adopting to tide over the rough times. Edited excerpts:
Has the scenario changed for the better in the last one year?Well, even though a lot of things have changed in the past year, uncertainties continue. Given the size of the company, given the number of people we need to recruit, the ability to forecast accurately will ultimately decide what our growth rate will be. We are recruiting people because things are more in our control in the short term and we will be able to grow very well with our clients. Nobody is being able to predict right now where the global economy is headed in the next 12 or 18 months from now. Besides, in the medium to long term, various macro-economic factors will impact us much more and our ability to forecast where that is going to be, is for now, limited.
Even though we are investing in recruitment, visas and infrastructure, our ability to forecast is limited to the next 12-18 months. The real challenge will come when we make campus offers without long-term business visibility. The medium- to long-term challenge faced by forecasting could affect our confidence in going aggressively for campus recruitment and capacity expansion.
Text: Business Standard
Images: Reuters
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