The technology services provider aims to increase European revenues from 25% to 40% of the company’s total, requiring European growth to exceed the 16% to 18% forecast for the rest of the group.
An Infosys spokesperson said: “We are investing in emerging markets in addition to the investment in Europe.”
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With the majority of FDI in Europe coming from the US, UK, Germany and France, it is unusual for a company from a developing country to treat Europe as an emerging market. However, collectively, the BRIC nations of Brazil, Russia, India and China are now the third largest investor in Europe.