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Infosys: North American contribution to sales dips slightly

BANGALORE: India's second-largest software exporter InfosysBSE -18.37 % said clients from North America contributed about 60% to fourth-quarter sales, slightly below the 61% they contributed in the previous quarter. 

The Bangalore-based company, which announced its fourth-quarter earnings on Friday, said clients from Europe contributed 25% of its overall revenues in the March quarter, compared with 24% in the December quarter. Its clients from India contributed 2%. 

North America and Europe are the two largest markets for Indian information technology sector, contributing over 80% of overall revenues, according to industry body

Over the past few quarters, Infosys, has been facing pressure from these markets as its clients cut down on their technology spending. 

Analysts, however, expect growth from North America and Europe to pick up over the next few quarters as the macroeconomic situation in these markets improve. Infosys counts companies such as 
JP Morgan, Bank of America and UBS as its clients. 

The company said it has decided to set aside up to $100 million (Rs 540 crore) to invest in products, platforms and solutions ideas in line with its so-called 3.0 strategy. Infosys and its subsidiaries added 56 clients during the quarter.