Infosys CEO and Managing Director S. D. Shibulal, on Thursday, stressed the need for acquisitions to wholly execute the company’s new strategy of focusing on the product and platforms (PPS) business, saying that it needed a boost to achieve a balanced portfolio.
“The journey cannot be complete until we have inorganic growth. I am confident that having a balanced portfolio in which the product and platforms business would contribute one-third of our revenue is the only sustainable approach. We need step-jumps in order to go from the present 6 per cent to 30 per cent,” Mr. Shibulal said.
He was addressing reporters here at Infosys’ Innovation Day, where the firm showcased a wide spectrum of products, platforms and solutions.
Mr. Shibulal, when responding to a query, did not rule out the possibility of sporadically re-acquiring intellectual property (which they had built) from clients, but said that co-creation of new products and platforms would be a less expensive option.
“This is one way of looking at it. At the end of the last fiscal year (FY11), we had six PPS offerings. Right now, we have 12 platforms and 9 products. While some will scale down and others scale up, we are looking at managing a portfolio of 12 platforms and 12 products,” said Sanjay Purohit, Senior Vice-President and Head of Infosys Labs and Product R&D, who also attended the event.
