Infosys eyes orders from West Asia

India’s second-largest provider of software services Infosys Technologies is eyeing orders from the middle-east and domestic companies, Chief Executive Officer Senapathy Gopalakrishnan said.

Infosys sees “significant opportunities” to increase sales in these markets, Gopalakrishnan told reporters in Chennai today. Infosys, which on August 25 offered to buy UK-based Axon Group, a business advisor for companies that run SAP AG software, aims to boost revenue from markets other than the US.

In July, Infosys reported slowed profit growth for the first financial quarter after US banking clients delayed orders following widening credit and market losses. Net income climbed 21 per cent to Rs 1,300 crore ($297 million), compared with a 35 per cent gain in the corresponding period last year.

Customers in North America, mainly in the US, accounted for 63 per cent of Infosys’s sales in the quarter ended June 30, compared with 27 per cent from Europe, 1.3 per cent in India and 8.8 per cent for the rest of the world.

Infosys rose 0.6 per cent to Rs 1,708 at close in Mumbai trading, compared with a 1.28 per cent drop in the benchmark Sensitive Index.