China revenues grew substantially during the last financial year, we have significantly secured 10 new clients, particularly in engineering solutions. Increasingly, large Chinese manufacturers including auto companies are seeing the need to turn to IT solutions to drive cost efficiency and time to market. We have made substantial progress towards our goal in tripling headcount by 2015.
How did the company perform in Japan?
We have sealed a partnership agreement with TechMatrix for cloud-based healthcare solutions and we are seeing much stronger requests for proposals. This is likely due to the combined effects of the tsunami/nuclear leak and the competition from Korea and other countries which are accelerating the need for business transformation. We are hopeful that these will lead to business deals in the near future.
Any other developments in the region that you want to highlight?
The merger is now in the final stage for legal approval which will likely to happen in September of this year. With the clarity Mission 2015 roadmap, we are confident that this will make the merger a success. We have closed a number of large deals in Australia, Singapore, India and Middle East, which also includes deals with annuity business. We also saw a lot of traction and revenues coming from Infrastructure services in Australia, India and Middle East. This year, we expanded our footprint in the mining sector in Australia.
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