Moneycontrol PRO
HomeNewsBusinessHave pipeline of potential acquisitions that we’ll continue to pursue: Infosys CEO Salil Parekh

Have pipeline of potential acquisitions that we’ll continue to pursue: Infosys CEO Salil Parekh

Infosys' CEO Salil Parekh also said the company could see 50 percent of its revenue coming from the digital business in the next few quarters.

October 29, 2020 / 17:19 IST
File image
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    Infosys Managing Director (MD) and CEO Salil Parekh on October 29 told CNBC-TV18 that the company has a good pipeline of potential acquisitions, including some in the United States and Europe.

    While Infosys will continue to pursue a number of acquisitions in the 12-month cycle, there is no specific target, Parekh said.

    He also said that the company could see 50 percent of its revenue come from its digital business in the next few quarters.

    Infosys has not seen nervousness from clients, especially in the digital portfolios, Parekh added, noting that corporates are using automation in “a big way to utilise their IT spends more efficiently.”

    “Large enterprises have realised that offshore remote work is working quite efficient,” Parekh said.

    There is a good deal pipeline spread out across industries with no one industry-concentrating big deals for the full year, Parekh said.

    “Adopting to digital is a focus for many more enterprises,” Parekh said, adding that Infosys’ will continue to focus on digital transformation in the years to come.

    Infosys on October 28 said it has turned carbon neutral, three decades ahead of the timeline set by the Paris Agreement for 2050.

    Moneycontrol News
    first published: Oct 29, 2020 05:18 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347