Infosys Reports 13% Profit Growth, Commits To Post-Outsourcing Strategy

As wage competition from other developing regions heats up, India’s second-largest outsourcer is looking to grow well beyond its roots as a provider of low-cost tech workers for Western companies. Infosys Ltd. said Friday it will raise its startup capital to $500 million from the $100 million committed last year “to support the creation of a global ecosystem of strategic partners.”

The company, whose cost advantage is under pressure from rising wages and union activity on the subcontinent and wage competition from other developing regions, including South America and Eastern Europe, said the capital will be used to invest into young companies worldwide that innovate in growth areas such as artificial intelligence, automation and the Internet of Things.

Read more at: Infosys Reports 13% Profit Growth, Commits To Post-Outsourcing Strategy

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