According to V Balakrishnan, the only way Infosys can truly transform itself and achieve higher growth rates is by disrupting its existing model.
Infosys is confident of meeting its guidance of 10-12 percent growth for fiscal 2016. Basking in the aftermath of a fantastic quarterly performance, Infosys CEO Vishal Sikka and CFO Rajiv Bansal spoke to CNBC-TV18 to explain the success story.
Appearing on CNBC-TV18's special edition from Bengaluru, Chairman of Manipal Global Education TV Mohandas Pai says the world has changed since it has got a very stable IT platform.
Speaking to CNBC-TV18 Kailash Lalpuria, ED, Indo Count Industries says that stable cotton prices will be helpful for the company's exports in US and the other developed nation markets like European Economic Communities (EEC), UK, Melbourne, Australia and Canada.
American companies are benefiting from the Indian outsourcing in the IT sector,Sarabjit Kaur Nangra of Angel Broking told CNBC-TV18.
According to Pai, management transformation is the key to success for the IT companies now.
Cognizant CEO Francisco D'souza wants to bolster consultancy and digital business through acquisitions. He says the company has a healthy acquisitions pipeline.
The country‘s second largest software services, Infosys, is looking to eschew its conservative image and plans to go out and buy a few companies, largely in the digital space, though it is also open to considering acquisitions in the traditional services.
According to him, US economy has become powerful by attracting foreign companies and Indian IT workers complement US workers and not replace them.
Sudin Apte, CEO and research analyst, Offshore Insights says Infosys acquiring Panaya is a strategic fit and will help Infy to up its automation and delivery engine. It is a mid-sized acquisition, he adds.
Speaking exclusively to CNBC-TV18‘s Menaka Doshi on the sidelines of 45th World Economic Forum in Davos, Sikka says the company needs to look beyond IT budgets and must consider revenues and costs.
The company is expecting a healthy pipeline in financial services and insurance segments.
Deutsche Bank is also a part of Coal India divestment process and expects a good response for that took.
Vishal Sikka, chief executive officer, Infosys said digital technology is key to India and Australia and both these countries have been excelling at it.
Mohandas Pai, former chief financial officer, Infosys says the company's shareholders must question the new management on how they choose to spend the extra money. The company shouldn‘t let the money stay in its balance sheets as the management is likely to succumb to pressure and make large acquisitions, adds Pai.
Infosys has posted a robust set of numbers in Q2, beating the Street expectations. For the quarter ended July-September, the company‘s net profit rose 7.3 percent sequentially to Rs 3,096 crore on strong revenue and operational growth.
Infosys on Friday beat street estimates with the July-September quarter net profit rising 7.3 percent sequentially (up 28.6 percent on yearly basis) to Rs 3,096 crore (on consolidated basis) on strong revenue and operational growth.
Sikka is keen to transform Infosys into a next generation services company and is looking to renew all the services the company offers. He has a long-term target to grow at 15-18 percent. The company‘s long-term EBIT margin range is 25-38 percent.
CNBC-TV18's Poornima Murali caught up with Kris Gopalakrishnan and Nandan Nilekani and asked them about their journey with the company and their expectations from the new Infosys leadership.
Of Arvind Kejriwal, Narayana Murthy said that he (Kejriwal) has done certain good things. However, he also has to be reasonable to business, Murthy said. At present, Kejriwal is in the news for his public confrontation with power distribution companies over tariff hike.
Speaking on the sidelines of the Davos 2014, the spotlight of the World Economic Forum, S Gopalakrishnan, president, CII & vice chairperson, Infosys, believes will be on equality equity.
Srikantan Moorthy, Senior VP & Group Head-Human Resource says on the issue of attrition, while on the last twelve months, or LTM, basis the attrition numbers are higher, on an absolute basis the numbers have come down over the last three quarters.
Srinivas, who has been recent elevated as the president of India‘s largest IT services exporter, added that the company‘s strong focus is on internal efficiencies and is trying to leverage efficiency factors to increase margins.
Infosys management provides an insight into the company's third-quarter earnings, reasons behind the profit growth and its strategy ahead.
SD Shibulal, CEO, Infosys said the next fiscal is going to be an "exciting" one as client confidence is seen returning.