Infosys, Wipro expand European presence for revenue boost

Infosys and Wipro have been ramping up their presence in Europe, especially in the Nordic region in the last two years. Their increased footprint in the region is helping them boost their European revenue.

The acquisitions of companies, opening up of new proximity centres and increased local hiring in Nordic region has helped them raise Europe’s share in their total revenue matrix, say experts.

Infosys and Wipro used to straggle behind peers, TCS and HCLTech, as far as Europe’s revenue contribution was concerned. But in the last four years, their European revenue share has gone up to 27-29%. In FY19, Infosys and Wipro’s European revenue share was 24% and 25.5%, respectively.