Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Infosys Open To Acquisitions That Top 10% Of Revenue

Indian IT outsourcer Infosys Ltd has reportedly said that it is planning acquisition and is open to bigger deals.

The company also said that its comfort size for acquisitions is up to 10% of its own revenue.

Infosys generated revenue of about $7 billion in the fiscal year that ended in March.

It is believed that Infosys wants to accelerate growth in its software business by building other services around those offerings, an area the company calls products and platforms services.

Infosys