Infosys, already caught in the web of the economic downturn, may soon see its revenues from its top customer BT declining, from around $381 million last year to about $300 to $322 million in this financial year, as BT restructures operations and scales down IT spending to cope better with the recession.

BT Global Services (BTGS), which accounts for about half of Infosys’ BT revenues, wrote off nearly $500 million in the past month. BT cut around 10,000 jobs globally in November last year as part of its cost-cutting moves, reports the Economic Times.

Diviya Nagarajan, an analyst at Mumbai-based JM Financial, wrote in her report last week that the performance of BTGS will have a significant impact on Infosys’ growth expectation for FY10. Till last year BT accounted to 9.1 per cent of Infosys’ revenue, and is expected to contribute around 6.9 per cent in this business year, added Nagarajan. X