Infy BPM is set to scale mount $1 billion in revenue this fiscal

BENGALURU: InfosysNSE -0.55 % BPM, the business process outsourcing subsidiary of Infosys, is expected to nearly double its revenue to $1 billion in the ongoing fiscal year, as recent acquisitions by its parent are expected to increase business from banking and insurance clients, analysts said.

In May, Infosys acquired a 75% stake in Stater, a unit of ABM AMRO that offers end-to-end mortgage administration services to customers in the Benelux (Belgium, the Netherlands and Luxembourg) region.