Sees 55 per cent revenues from Bric, Australia and New Zealand
CA Technologies, a Nasdaq-listed IT management software and solutions company, will be focusing more on the markets other than North America, according to its chief executive William McCracken.
“North America at present contributes 55 per cent to our overall revenues, while the rest flows in from outside of that. We are investing substantially in the growing markets of Bric (Brazil, Russia, India and China), Australia and the New Zealand, as a result of which the revenue break-up will flip in the next few years,” he told mediapersons here on Monday.
The New York-based company, which reported revenues $4.353-billion in the 2009-10 financial year, has earmarked $600 million for research and development for the current fiscal and has increased its investments in the growing markets by around 25 per cent to ensure that it grows beyond the market growth, he added.
“On the acquisition side, we had already said that we will invest anywhere between $300 million and $600 million. Probably at the current rate, it may be $300 million and also depends on what technology is available and how it is useful to us,” McCracken said, adding that the IT spend growth in the markets that they were participating in would be about seven per cent this year.
The company today announced the opening of its second building at the India Technology Centre here, the single largest R&D facility for CA that develops 30 per cent of the company’s global products.
Built with an investment of $30 million, the new facility boosts CA’s capacity to house an additional 1,000 employees on top of its current headcount of 1,600 in the first building. CA employs about 14,000 globally.
The ITC team develops innovative solutions to manage IT environments for the company’s global clients.
