Growing customers 'kicking in' higher revenues: Infosys chief

Bangalore, Oct 11 (UNI) Infosys CEO Nandan M Nilekani expressed satisfaction over the robust growth the company had achieved during the second quarter of the current fiscal and termed the growth as all round.

''The number of top customers are growing. This is 'kicking in' highter revenues for the company. New contracts are in the range of three to four per cent. This is good compared to new business comprising just five per cent of our revenue,'' he told reporters here after announcing the company's Q2 results.

Mr Nilekani said there was absolutely no evidence of any impending slowdown in the industry. ''Globalisation of IT services has been good. It is well placed to benefit the Indian companies.

Both top line and bottom line customers are growing well. This is the reason we revised our guidence for 2007 upwards from 2.91 billion dollars to three billion dollars.'' The CEO said the company had evolved more innovative business models, while building increasingly stronger end-to-end capability.

The operating margin had improved to 2.9 per cent, despite absorbing wage increases and strategic investments.

Company COO, President and Joint Managing Director Gopalakrishnan said the company had won 45 new clients drawn from different domains. ''This includes ten Fortune 500 customers, typically after whom we go after. We see growth in package implementation, consultancy, BPO and banking business,'' he added.

Asked whether working in China would become difficult in the aftermath of the North Korean nuclear blast, he said ''China forms only a small part of our business. It will make no change for us as it is the same process we indulge both in India and China. Anyway, it is too soon to say something in this regard.'' UNI RS GD RKN1809