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Infosys management provides an insight into the company's third-quarter earnings, reasons behind the profit growth and its strategy ahead.
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SD Shibulal, CEO, Infosys said the next fiscal is going to be an "exciting" one as client confidence is seen returning.
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Vineet Nayyar, Vice Chairman of Tech Mahindra expects Mahindra Engineering Services (MES) merger to play a big role in growth going forward.
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V Balakrishnan, director and former CFO of Infosys says the beauty of Infosys atleast is that it has got good leadership bandwidth which can come and take that role and play.
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In an interview to CNBC-TV18, Som Mittal, President, NASSCOM spoke about IT sector growth trajectory.
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While Shiv Nadar, founder and chairman, HCL Tech, is confident the company will not be sold out in the next 10 years, Roshni Nadar, executive director and chief executive officer, HCL Corporation adds that the same is unlikely for the next 20 years.
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N Chandrasekaran, MD and CEO of TCS said that the pricing remained stable currently and that the company was aiming an operating profit margin of 26-28 percent.
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Shibulal said that the next couple of quarters would be about investing in the business to take it to the next orbit of growth. But he also cautioned that the measures being taken by the company would take a while to translate into growth.
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TCS management says it is confident that pricing will remain stable for the next 12 months and the next quarter won't see any decline in realisation.
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Rajiv Bansal, CFO, says growth in Europe remains challenging, but macroeconomic data coming from US is encouraging.
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SD Shibulal, MD & CEO at Infosys is a pleased man after the IT bellwether surprised the street with better-than-expected numbers. He confirmed that responsibilities of Basab Pradhan, who left the company recently, have been given to Ashok Vemuri.
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SME sector has the potential to add significant value to India's economy as it happens in developed nations. Therefore encouraging SME sector is a very important activity, says Narayana Murthy.
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It becomes difficult when a strategic plan like the Infosys 3.0 needs to be implemented. So, there has to be someone who can rally opinion and guide the company ahead and Narayana Murthy is ideal for that.
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Shibu understood what Infosys 3.0 is, but unfortunately the company has not delivered any thought leadership that the market needed from them. Infosys has had a problem in stepping out of their comfort zone, Satchit Vir said.
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Kiran Mazumdar Shaw, MD, Biocon says Narayana Murthy's return would have probably been a tough decision, as most succession plans are and will undoubtedly help boost investor and employee confidence.
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Rostow Ravanan, Co founder and CFO of Mindtree believes that Narayana Murthy's return to Infosys will ensure flawless execution of strategiesis and is in the best interest of the company.
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Infosys will continue to invest more in continental Europe market, as it sees great potential for growth in this market, says S D Shibulal, chief executive officer and managing director, Infosys.
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KK Singh, CMD, Rolta India says that the 11.4-percent rise in PAT to Rs 70.39 crore and healthy order-book levels have allowed the company to increase its guidance from the earlier levels of 10-15 percent for the whole year. Going forward, Singh told CNBC-TV18, the company will focus on intellectual property.
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Cognizant continues to be bullish on the path ahead with better-than-expected fourth quarter revenue to its credit. R Chandrasekaran, group chief executive officer (tech & operations) of the company is positive on the demand environment.
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In an interview to CNBC-TV18, Bill McDermot, CEO, SAP said that there biggest growing area is computing in HANA. “The company has the fastest growing database business in the world now with Cloud growing in triple digits,†added McDermot.
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IT bellwether Infosys surprised the street with better-than-expected results for the third quarter. It raised full year guidance sending its shares soaring 12 percent in morning trade.
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Adi Godrej, chairman, Godrej Group and president, CII and Kris Gopalakrishnan, co-chairman of Infosys Technologies and president-designate, CII, on CNBC-TV18, explain the reasons for the upbeat mood on 2013.
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Infosys today listed its shares at the New York Stock Exchange. The company moved its shares from Nasdaq to NYSE. Speaking to CNBC-TV18 Infy, CEO, Shibulal said the move is part of a wider strategy and also added that Paris and London listing is also in the offing
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Moshe Katri, MD, Cowen & Co explains on CNBC-TV18 that a survey of the Indian IT sector indicated that the IT giant's management lacked initiative was hampened by a rise in the market share of global rivals in India and was unable to cope with a lackluster economy
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Out performing some of biggest names in IT, Tata Consultancy Services (TCS) has emerged as the poster boy in the country. N Chandrasekaran, CEO, TCS, has been credited for transforming TCS – India‘s largest IT services company into an even bigger juggernaut.
