UPDATE 1-INTERVIEW-Infosys seeing large deals but momentum slows
* Pursuing five to six deals each worth $50-$200 million
* Pricing stable, could get impacted if situation worsens
* Weaker rupee helps, not seen need to revise FY09 forecast (Adds details, background, share price, byline)
By Sumeet Chatterjee
BANGALORE, Nov 21 (Reuters) - India's Infosys Technologies Ltd (INFY.BO: Quote, Profile, Research) is pursuing five to six outsourcing deals each worth $50 million to $200 million but the global economic downturn has slowed deals, its chief financial officer said.
"Even now we are pursuing some of the large deals," V. Balakrishnan told Reuters in a phone interview on Friday. "The problem is the velocity of business is getting hurt because of the environment."
Nasdaq-listed Infosys (INFY.O: Quote, Profile, Research), India's second-largest software services exporter, designs supply chains, develops applications and offers back-office services.
It gets more than half its revenue from the United States but is expanding to Europe and elsewhere.
"Customers are more cautious now. They want to conserve cash," Balakrishnan said, adding the company has, however, not seen existing outsourcing projects getting cancelled. Continued...
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