Infotech Enterprises Ltd. Visit Note
We met Mr.Surya Kiran Sripati – Asst GM, Mr.Nataraja – VP Finance & Accounts, and Mr.Nanda Kishore Bajaj - Head Investor Relations, in Infotech Enterprises, to update ourselves on the growth prospects of the company.
Though the company fell short of the US$100mn target, it did not cause undue worries as it had garnered sizeable scale (~US$82mn) by that time.
Confidence level very high for achieving the new target/vision of US$250mn revenues by March 2009. Confidence mainly stemming from current quality (maturity, size & future potential) of engagements with existing large clients and pace of new client additions.
Visibility level for achieving 45% growth in FY08 is at ~75%, similar to what it had for FY07 one year back. Company is confident of earning the balance 25% of growth over the next 12 months