Software industry to grow 30-40 percent in ’99, says Infosys chief

CHENNAI, JULY 13: The computer software industry in India would grow between 30 to 40 per cent during the current financial year, chairma...

CHENNAI, JULY 13: The computer software industry in India would grow between 30 to 40 per cent during the current financial year, chairman and managing director of Infosys Technologies NR Narayana Murthy said here today.

"We expect the industry to grow by 30 to 40 per cent this year, despite the slowdown in the enterprise resource planning (ERP) business," Narayana Murthy told reporters on the sidelines of a seminar here.

Asked about the culmination of the `Y2K’ (Millennium Bug) business in the next few months, he said companies that have managed to progressively reduce their exposure in this area of operation would not be adversely affected.

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He admitted that ERP business had slowed down over the last few months due to the fact that many companies preferred to postpone implementation of these solutions after solving their `Y2K’ problems.

Narayana Murthy, however, denied ERP packages were losing their sheen in Indian markets because they were too demanding on the corporates, and said there was only a temporary rethink among companies and soon things would look up again.

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