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.”

Advertisement

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.