A good performance saw Infinite jump its revenue target for last fiscal by Rs 33 crore. Offshore projects accounted for 20% of the revenues, with the rest coming from onsite projects. IT consultancy drove 30% of total revenues. Net profit (EBITDA) for the year stood at Rs 39
The bulk of Infinites’ revenues come from the fast growing IT and telecom vertical, followed by the BFSI and manufacturing segments. During the last fiscal, Infinite also set on building a new development center at Whitefield in Bangalore. With a strong outlook and a revenue target of Rs 405 crore for 2004-05, the company is looking at an aggressive geographic expansion in the next fiscal with plans to acquire companies in IT Services or BPO space.Â The company will continue to focus on growing the domestic market to leverage its unique Global Delivery Model, while simultaneously looking at exploring into newer markets like the Asia-Pacific region.