Infosys has consistently outperformed market expectations in the last three quarters in FY16 and this has largely been due to several new strategic initiatives of CEO Vishal Sikka which have started to pay dividends. In an interaction with the media, Sikka spoke about the positive environment and strategies within the company which have brought it back on track. Excerpts:
Your reflection on the company’s third quarter performance?
There is a lot of seasonality in the quarter. Earlier, when we were looking ahead we anticipated some headwinds and then there was the unfortunate Chennai floods. Overall, I am extremely pleased with our performance and hence are increasing our guidance. Overall in this quarter, we saw broad based growth largely coming through innovation. We saw growth in Finacle and in our acquisitions. This has set us up for a good year ahead.
The reasons behind this growth?
It is difficult to pinpoint any particular reason. There is a tremendous sense of optimism and positive feeling in the company. Though it is still early for big results to kick in from our new initiatives but our deal wins ratio has improved and there has been a fall in attrition level. Overall, things have started kick in with better deals and higher delivery excellence. I am a believer in innovation.
How do you see the overall business climate?
The overall climate looks good. We are comfortable with the forthcoming Q4 with our improved ability to execute. We have the confidence to get to industry leading growth and the momentum is sustainable. The impact of our grassroots innovation will be more visible. In terms of the overall IT operating climate, we have to adjust our offerings to the changing times. We are seeing a tremendous disruption in the world of computing and the need of the hour is innovation. Infosys is perfectly aligned to deliver.
How is the digital and consulting segments playing out for Infosys?
Building more expertise in the area of consulting design is very important to us and we will continue to invest in that. When it comes to the digital area, the ability to design experiences and get software into areas where software never existed before is also an area of growth for us. As far as consulting is concerned, the traditional form of consulting is dominated by implementing package system. The future of consulting is more like design thinking, where we can help our clients identify problems in strategic work areas. We are shaping our consulting business in this direction.
How are the top accounts performing for Infosys?
Our engagement with top 25 clients has never been stronger. On a broad scale, the world around us is going through a dramatic transformation and we have the ability in terms of capability, skills , access to help these clients achieving this objective.