Infosys' European Expansion is Bringing the Company to New Heights (INFY)

Infosys (INFY) is expanding rapidly in Europe, and this has given it greater visibility outside the US. The company has recently started expanding its operations in UK and this expansion is of strategic importance to Infosys, as it will allow it to leverage the global talent pool, and to utilize the excellent physical and communications infrastructure required to rapidly scale up their operations.

Infosys has a growth rate of over 50% and more than half a billion dollars in revenues in the EMEA (Europe, Middle East and Africa) region. Infosys is currently one of the fastest growing consulting and IT services organization in the EMEA region. Revenue from Europe increased from US $340.3 million in 2004-05 to US$ 495.6 last year.

The company reported a consolidated net profit of US $152.1 million for the quarter ending March, 2006 (source: MoneyControl).

INFY 1-yr chart: