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HomeNewsBusinessCompaniesHere's how Vishal Sikka led Infosys recovery in Q1

Here's how Vishal Sikka led Infosys recovery in Q1

After a disastrous performance in the last quarter of previous year, the country's second biggest outsourcer's performance surprised street. The turn around in just three months marks the beginning of a new energised Infosys and speaks volumes of the CEO whose strategy is paying off.

July 21, 2015 / 16:19 IST
 
 
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Infosys surprised the street on Tuesday morning by posting a 5 percent rise in first quarter (Q1) profit while retained its 10-12 percent sales growth outlook for the fiscal year ending in March 2016. The country's second biggest outsourcer said dollar revenues grew 4.5 percent quarter over quarter, while volumes grew 5.4 percent sequentially, the highest in 19 quarters.After a disastrous performance in the last quarter of previous year, the turn around marks the beginning of a new energised Infosys and speaks volumes of the CEO's winning strategy.Here's what CEO Vishal Sikka and his boys did to help Infosys turn around*Cashed in on demand from clients in the United States, its biggest market*Bagged two large deals in Europe*Added 79 new clients in Q1 taking the total tally to 987 at the end of June.*Held 30 projects on artificial intelligence*Undertook organization realignment for deeper clients and operational focus: This aided volume growth*Renewed focus to contain attrition *Continued focus on automation and innovation

first published: Jul 21, 2015 11:24 am

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