Deals in pipeline are rich: Infosys

In the backdrop of the global economic meltdown and cost cutting by several companies, Indian software major Infosys today said the deals in the pipeline for India and Middle East are rich.    

"On the demand side, the Indian market is doing very well. The deals in pipeline are rich," Subhash Dhar, Senior Vice- President and Executive Council Member, Infosys Technologies told media.

The Indian business unit had bagged three deals in the last five months. He described them as "significant" deals, but refused to divulge the amount of these deals.

The NASDAQ-listed firm was focusing on emerging markets like India, China, Middle East and South America.

Stating that the strategy for the domestic market was different, he said, "We are doing large deals but do not have the same expectation. Here the contours of the deals are different from the West. We are choosy. We are sensitive to risks."

On the company's strategy for emerging markets, he said strategy and expectations were different in emerging markets. "We are trying to understand the markets.The innovation quotient is higher in these markets. The innovation quotient is higher in these markets," he said.