Infosys in China Essay Example | Topics and Well Written Essays - 1750 words

Infosys in China - Essay Example It suggests measures for a better development in China and also other emerging countries. Â  Infosys was started by a group of seven members in the year 1981. It incorporated with the name Infosys Consultant Private Ltd. From the very beginning, Infosys was depended on the overseas business. The founder of Infosys, Narayana Murthy operated its business in India while the other seven went to the US and started working for their corporate clients. Reebok was Infosys first US based client. The company earned revenue of Rs 1.2 million in 1981. 1981 was a period when India did not experience the growth of computers, so licensing of computers would take a longer period. Infosys did not have the space needed to install a computer, thus it hired a premise of a customer where the new employees would be provided training. It also concentrated in the fields like retailing, distribution, finance and telecommunications. Infosys has entered into a joint venture with Kurt Salmon Associate (ICMR, 2006, p.2). Â  Infosys is the first company to get listed on NASDAQ stock exchange. It accounted a net profit of $US 152.1 million at the end of the quarterly result. The USA is its main source of revenue; it is planning to expand in Europe and Asia. Infosys in China is merely focusing on its local clients. It has been recognized as one of the fastest growing companies (IBEF, n.d., p.1). Â  In the year 2000, 78% of revenue came from North America, 14.8% from Europe and only 1.4% from India. By 2005, Infosys mode of operation was proximity development, which consisted of 9 and offshore software development about 17, mainly operating in India. Infosys is also facing a tough competition from other It giants because of the liberalization that has affected India and its economy (ICMR, 2006, p.3). Â