January 28, 2011 / 6:39 AM / in 7 years

India's Infosys seeks M&As, but selective

DAVOS, Switzerland (Reuters) - Infosys Technologies (INFY.BO), India’s No. 2 software exporter, is looking for the mergers and acquisitions, but will be selective on opportunities, its chief executive said on Friday.

”“We have a team looking at acquisition. We look for good companies, we look for right fit, right price, we have certain strategies in place,” Infosys Chief Executive Kris Gopalakrishnan told Reuters Insider.

Earlier in January, Infosys reported net profit in the fiscal third-quarter ended December rose to 17.8 billion rupees ($396 million) from 15.6 billion a year ago. This compares with a Reuters poll of 18.2 billion rupees.

Reporting by Lee Chyen Yee

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