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IT firm iGate has said it is targetting $900 million revenues over the next five years from iTOPS (integrated Technology and Operations) business that will be the key growth driver for it in the coming years.
Overall, the US-based firm is looking at $3 billion revenues by 2017, from over $1 billion at present, iGate CEO Phaneesh Murthy told PTI from Freemont, California.
iGate plans to recruit 3,000 persons this year in addition to its existing employee base of over 27,000.
On the scenario in BFSI (Banking, Financial Services, Insurance), the single biggest vertical for the Indian IT industry, he said he expects IT spending in the sector to pick up in the coming two quarters. BFSI has started a slow comeback in Q2.
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