Bangalore: IT major Infosys Technologies Ltd is scouting for acquisitions in "all geographies" to expand its overseas footprint, the company's Chief Executive Officer and Managing Director S Gopalakrishnan said.
Gopalakrishnan said it has started investing in Japan, China, Europe, Australia and the US in order to fill gaps in their services offerings.
"We are looking at acquisitions to fill gaps in our services as well as accelerate our growth in certain geographies where we have less presence today," Gopalakrishnan said.
"And if you are looking at where we are investing today — Japan, China, Europe, Australia and even in the US — we are trying to fill the gaps in our services. In that sense, we are looking at all geographies (for acquisitions)," he said. "There is always something being evaluated (potential acquisitions)," Gopalakrishnan said.
The NASDAQ-listed firm had cash and cash equivalents of $1.6 billion (Rs 6,442 crore) as on June 30 this year. Speaking on his role as CEO, Gopalakrishnan said stepping into the shoes of NR Narayana Murthy and Nandan M Nilekani, who held the post earlier, is challenging as the company has been successful under their leadership, and (now) there is a lot of expectation about where it is going.
The company today is operating in an environment, which is changing, he said. "We have an appreciating rupee, we have a competitive environment for (human) resources in India, competition has gone beyond IT companies...because many sectors are competing for same resources," he said.
"Overall, the competition is increasing. There is a need for higher efficiency, higher productivity, increasing the competitiveness of Infosys..bringing in higher revenue per employee. These are some of the challenges."
"Infosys needs to address these challenges uniquely. Some of the challenges are same for all companies. So, (we have to) address them uniquely such that we continue to differentiate ourselves from others," Gopalakrishnan said.
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