Bangalore, Nov 05: Software major Infosys Technologies is not looking at the domestic market except for its banking product ‘Finacle’ as the company feels it gets better returns from export of software services in the international market. "When you have limited resources, you have to leverage it with where you get the best returns and today those returns are coming from markets outside India. That is really the reason why we are not focused on the Indian market other than banking," Infosys co-founder and Director, S Gopalakrishnan told reporters.
Incidentally, Finacle came out of the Nasdaq-listed firm's India strategy in 1989.
"We realised that in India we will have a product strategy and enter the banking sector. We felt that it will be the one that will automate first and will try to become globally competitive, which of course, had the money to invest," Gopalakrishnan, who is also the Chief Operating Officer of the Rs 3,634 crore Infosys, said.
Indian revenues account for less than two per cent for the export-focused Infosys, and earns nearly 74 per cent from the huge US market.
He said though the Indian market was maturing very fast by leveraging it, it was not yet to the level of global market.
"It is matured today. But in terms of the returns from the market, there is a difference at this point. And we see that we get better returns from outside India," Gopalakrishnan said.
Bureau Report