BENGALURU: Infosys has solidly regained its bellwether status in the Indian IT industry. Its revenue growth rate has been the fastest among peers for some quarters now. The company's revenue was up 16.9% in constant currency for the quarter ended June 30, making it its best first quarter in a decade. It made a smart recovery from the depths of the pandemic a year back. Its share price is up 80% in the past year. The man at the helm, CEO Salil Parekh, has delivered on the three-year transformation that he promised when he set foot in 2018. In an exclusive interaction with TOI, Parekh talks about what made the difference. Excerpts:
At the end of the three-year transformation plan, you've landed Infosys in acceleration mode. Infosys is doing better than almost all your peers. What do you think was key to accomplishing this?
It’s thanks to all the work that everyone in the company has done with a big focus on digital. The key element has been bringing all of Infosys’s capabilities together - what we call One Infosys. And there are specific elements, like our cloud services offering Cobalt, where we are way ahead of some of our peers. Almost every new work that we start has some element of Cobalt, which has 200 industry templates and 14,000 cloud assets. Our focus is also to remain very close to clients.
Can you elaborate on One Infosys?
It’s soft and difficult for us to make clear. But what it does is, the whole company is working together on everything. In many of the large transformation programmes, it’s the whole capability set that comes together to make the difference, unlike earlier, when only some elements would be there. The good part is, within Infosys, we have leading capabilities in 8 or 9 areas that require us to make this work. And within digital, we have leading capabilities in about 30 areas, across cloud, data, and analytics, Al, automation, cybersecurity, loT.
Infosys has surpassed TCS in constant currency revenue growth for the last eight quarters. But TCS has retained its margin leadership. Is your growth going to come at lower margins?
We are helping clients navigate their next, and the more we feel we are relevant for clients within the operating margin guidance, we will not look at other things. Within the industry, we have margin leadership. We are very clear that we are going to be a high-margin business and that’s never in doubt. The priority is what is right for clients and employees.
Read more at: http://timesofindia.indiatimes.com/articleshow/85358803.cms
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