Infosys to create 200 jobs in UK

Indian IT outsourcing company Infosys will create between 150 and 200 IT jobs in the UK over the next 15 months, according to vice president BG Srinivas. He revealed details of the new roles in conversation with Computing following the release of the company's second-quarter results today.

"Despite being cautious as a result of the difficult climate in Europe, we know we have a guaranteed base level of growth and we are making this investment in people ahead of time," said Srinivas.

The jobs will be based in London, Manchester and Edinburgh. Another 300 to 350 jobs will be created on the continent.

The company is particularly focused on developing services in Poland and the Czech Republic but will also create jobs in Germany, France and Switzerland.

Infosys posted better than expected results, with net income up 9.8 percent to 19.1bn rupees (£242m) in the three months ended September 30, or 33.36 rupees a share, from 17.4bn rupees, or 30.40 rupees a share, a year earlier.

The company has gained 10 new clients in Europe over the last quarter, and Srinivas explained that these customers are largely looking to reduce costs and optimise production.

According to Srinivas, other key investments will see the company acquire business platforms, providing modular business functions such as HR or security.

The company will also continue to sell its Finacle banking software in Europe. It currently has 15 Finacle clients in the region.

Well-known customers of Infosys include BT, Credit Suisse and Co-operative Financial Services.

Some 51 per cent of Infosys' business in Europe is in the UK.