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'Indian IT sector more profitable than global industry'
11 Oct 2008, 2045 hrs IST,
ET Bureau
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S Gopalakrishnan, CEO, Infosys
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Times
are challenging and there is no clear visibility on the next big business
opportunity for the Indian IT industry. Despite the current situation, Infosys
CEO S Gopalakrishnan expressed optimism about the industry’s prospects in
a chat with
ET.
How will
the economic situation impact the IT
industry?
I am very optimistic
about the Indian IT services sector and it more profitable compared to the
global IT industry. Today, it is a mature industry. It has been operating for
more than 25 years and has withstood tremendous pressure. We are very positive
that the industry will emerge from this crisis. We are going through a slow
period... it is probably not over and may be a prolonged
slowdown.
What
are the business opportunities for Infosys in the present
environment?
There are good
business opportunities in mergers and integration amid the challenging
environment. Secondly, we will advise companies on their technology spending.
Despite the consolidation of IT services vendors, we will continue to attract
business due to our good relationships, track record and a strong balance
sheet.
Will
Infosys theme be “cheaper, better and
faster”?
When we talk
about being cheaper, it is about providing more value and not necessarily being
just cheap. We will always be better and faster and this positioning has not
changed.
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