Infosys Executive: Clients' 2010 IT Budgets Likely Flat To Lower
"We are not conservative. We are reflecting what our clients are telling us," V. Balakrishnan told reporters on the sidelines of a company event.
Earlier this month, Wipro Ltd., India's third-largest software exporter by revenue, said it expects a 2% to 3% rise in technology spending from its U.S. clients in 2010.
Balakrishnan said also that Infosys is looking for a strategic fit for acquisitions.
"It is not a question of valuation. Acquisition is not for adding revenue," he added.
-By Dhanya Thoppil, Dow Jones Newswires; 91-9967586928; romit.guha@dowjones.com
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Publié le 30 novembre 2009 Copyright © 2009 Dowjones
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