The strategic focus of Infosys will now be on 'renew' and 'new'. Outlining the strategy for the IT major for the first time, CEO Vishal Sikka said that the company will renew existing services and enter newer services.
Speaking at analyst meet, he said that the company is also looking at acquisitions in under penetrated geographies and verticals and newer services like artificial technologies and automation.
The company is looking to move its business process outsourcing (BPO) and infrastructure management services to the automation area, which will help in bring down financial cost. The other two segments that will be renewed will be verification services and application maintenance. These four areas have significant contribution to the company’s revenues.
As a part of the 'new' strategy, Infosys will focus on product engineering and design. It aims to create a new dimension of value within this space. The company is already undergoing training of employees for design thinking. “As of September, we are at USD 53,000 revenue per employee. We have been engaging with employees for great new technology,” he said.
A detailed assessment of the road ahead for Infosys is likely by April. Sikka is confident that Infosys will go back to being the big IT bellwether that it once was.
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