The Business Times
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Infosys plans deals to meet US$20b revenue goal

Company is looking for acquisitions to expand its geographic reach in Japan, Latin America and Europe

Published Tue, May 12, 2015 · 09:50 PM

    New Delhi

    INFOSYS Ltd plans to step up acquisitions and venture capital investments as it tries to more than double sales to US$20 billion by 2020 amid a slowdown in the technology services industry.

    The Bengaluru, India-based company is forecasting about US$1.5 billion of that projected revenue will come through acquisitions with the rest from organic growth, chief operating officer UB Pravin Rao said in an interview on Monday at the company's headquarters.

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