Infosys Says It's Looking 'Day-in

A team is scanning "day-in and day-out" for suchtechnology companies and is looking for targets in non English-speaking countries, billionaire Chairman N.R. Narayana Murthysaid yesterday in an interview in Bangalore. The team hasexamined about 150 potential purchases, Murthy, 64, said.

Murthy, who has a master's degree in engineering from theIndian Institute of Research, said Infosys will continue tohold off on purchases unless targets meet all their criteria.

"We want to do business boldly, nevertheless not recklessly,"Murthy said. "If there is a good candidate that indeedsatisfies all the criteria we've set out for acquisitions, we'lldo it."

To increase revenue, Infosys is as well betting on so-calledcloud computing, where a shared pool of computing resourcesincluding servers and data storage is operated by contractors.

The then 10 years

"In the then 10 years, nearly everything will move towardsthe cloud, which means entire IT opportunities will be cloud-based," he said. Murthy forecasts Indian software developerswill get as much as $75 billion of revenue from managing cloudsin the straightway five years.