Infosys has opened a new centre in Sydney, as a larger cross-section of Australian companies has started to embrace outsourcing opportunities.
This is its fourth development centre in Australia and has a capacity to seat 140 employees. Further, the company expects to hire 85 people in the region, according to a company statement. The employees will be a mixture of both new local staff and specialists who will come to Australia for short-term projects throughout the year, which is similar to the companies’ hiring policies abroad.
Jackie Korhonen, Infosys’ Senior Vice-President and Country Head for Australia and New Zealand, said: “We are seeing healthy growth across the region and the New South Wales financial services and communications work in particular is driving a lot of our hiring.”
While Infosys declined to provide the clients that it will service from the Sydney office, industry watchers said this would be primarily for servicing a multi-million dollar deal that it recently bagged from Wespac, an Australian bank.
For Infosys, the revenue from the Australian business falls under the Rest of World category, which at the end of the July-September quarter contributed to 12.4 per cent, showing flat growth compared to the same period last year.
While technology spends in Asia-Pacific have slowed down growth rates to 4.3 per cent in 2013 in local currency terms (due to slowing growth in China and India), it has been offset by improvements in Australia, Japan, and South Korea, according to Forrester Research’s recent tech spending forecast.
Similarly, companies in Australia are starting to embrace more outsourcing, according to industry bodies.