Industry

Sikka charts out a new strategy for Infosys

Mr. Sikka also said Infosys’ inorganic investments strategies will influence approximately $1.5 billion in new revenue for the company. Photo: Special Arrangement  

Infosys CEO and MD Vishal Sikka has charted out more targets in his ambitious plans for 2020.

In a letter to Infosys shareholders in the annual report for 2014-15, he said, “I see tremendous potential for us to grow. Looking beyond this year, the mission of our management team is to prepare the company to achieve an inspirational goal of $20 billion in revenue by calendar 2020 with at least 30 per cent operating margin.”

The company targets to increase the revenue per employee to $80,000 by deploying automation and innovation in existing business with a goal of generating at least 30 per cent productivity improvements in existing service lines and to make the company win large deals.

Mr. Sikka also said Infosys’ inorganic investments strategies will influence approximately $1.5 billion in new revenue for the company. It recently expanded its Innovation Fund from $100 million to $500 million, which is focused on investing in early stage companies and universities to gain access to new thinking and technologies.

After Mr. Sikka took charge as the CEO of Infosys in August 2014, it has done two major acquisition of Panaya and Kallidus.The company also expects 10 per cent of revenues from new services such as design thinking, solution in artificial intelligence and IP-led business. Apart from bringing more women leaders in the leadership role, Infosys CEO also targets to bring down attrition.

Mr. Sikka said, “Bringing attrition levels down to the lowest in the industry and achieving a 25 per cent diversity in our top leadership.”

As per the company website, presently, it has three women directors in its ten-member board and no women in its executive officers and executive Vice-President roles. The company has formed a Global Diversity Council which is focused on inclusion programs and also promote diversity and inclusivity within the organization.


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Printable version | Sep 24, 2021 12:15:22 AM | https://www.thehindu.com/business/Industry/vishal-sikka-charts-out-a-new-strategy-for-infosys/article7244999.ece

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