INTERVIEW-India's Infosys plans to cut US dependence to 40 pct
* Infosys CEO says to cut dependence on U.S. to 40 percent
* Revenue from Europe should grow to 40 percent
* Consulting unit to break even this fiscal year
* Not seeing downward pressure on prices to clients, but not expecting billing rates to rise either
By Sumeet Chatterjee
BANGALORE, July 25 (Reuters) - Infosys Technologies (INFY.BO: Quote, Profile, Research) plans to cut dependence on the United States to about 40 percent from more than 60 percent now, its chief executive said, as a slowdown in the world's largest economy hits outsourcing deals.
Infosys, which got 63 percent of its revenue from the United States in the June quarter, planned to boost contribution from Europe to 40 percent from 27 percent, while other markets would account for the remaining 20 percent, CEO S. Gopalakrishnan said.
"We will continuously evolve and change," Gopalakrishnan told Reuters in an interview on Friday.
"It's also driven by realization that emerging markets are contributing more to the global GDP growth, that's where the growth is faster." He declined to set a time-frame for this, saying: "It's not that you need to do it tomorrow, that you have hit a wall." Continued...
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