Date:15/06/2008 URL: http://www.thehindu.com/2008/06/15/stories/2008061555871500.htm

Business

Infosys to extend ERP to external entities

Special Correspondent

Eyeing revenues of Rs. 20,100 crore in 2008-09

— PHOTO: K. MURALI KUMAR

EXPANDING CLIENT BASE: N. R. Narayanamurthy, chief mentor and non-executive chairman, Infosys Technologies, addressing the company’s annual meeting in Bangalore on Saturday.

BANGALORE: Infosys Technologies enhanced the dividend payout ratio from 20 per cent to 30 per cent without impacting liquidity.

The company is also investing Rs. 1,650 crore in training human resources and the centre in Mysore with rooms for 10,300 trainees almost complete, said N. R. Narayanamurty, Chief Mentor and non-executive chairman said at the company’s annual meeting here on Saturday.

New version

The new Finacle Version 10, core banking product, with Islamic banking content included, was expanding the client base. Chandra Sekhar Kakal, Global Head of Enterprise Solutions, said ERP II-Collaborative Commerce, extending ERP (enterprise resource planning) to external entities like major suppliers was a focus area for new products and services now.

V. Balakrishnan, Chief Financial Officer, said, “Despite the villain of an appreciating rupee, it was happy ending all over last year. We plan to expand business within India, West Asia, Africa and Europe.” With the growth momentum sustained, the company could look forward to revenues of Rs. 20,100 crore in 2008-09, the Chief Financial Officer said.