Supported by a three-pronged strategy, Infosys has set an ambitious target of reaching $20 billion in revenues by 2020 from $8.7 billion in 2014-15 in a bid to emerge as a leading next-generation global IT firm in the next five years. Also, the company is aiming an operating margin of 30 per cent from 26 per cent now and improving revenue per employee to $80,000 by 2020 from about $52,000.
This five-year growth strategy may see the company adding 70,000-75,000 employees during this period.
“The path to our Vision 2020 is through three components. They are inorganic strategy, renewal of existing services and roll out of new range of next-generation services,” said Mr. Sikka.
Elaborating on the vision, he said the company would target acquisitions in the newer services segment and the proposed inorganic expansion would contribute about $1.5 billion by 2020.
Infosys will be launching a slew of new services or next generation services as part of its plan to be an IT partner that would give pro-active and innovative solutions to its clients. The company expects this new services segment, comprising new platforms and products, to contribute about 10 per cent to the total revenues by 2020.
The company also seeks to renew and enhance existing services that would contribute the rest to the top line by 2020. Mr. Sikka said there would be a strong focus on improving employee productivity through measures such as automation and driving culture of innovation in the company.
