With Infosys results 2015 for second quarter (Q2) to be revealed today, here is what Infosys CEO Vishal Sikka has said in the recent past about the company that he took over as the CEO on August 1, 2015 from co-founder NR Narayana Murthy.
1. Vishal Sikka has said that while revenue growth from its top clients across verticals had stagnated in the past, the win rate in this segment has improved in the last quarter.
2. The Infosys CEO said that the numerous initiatives are being undertaken to improve the win rate among the top clients like better proposal writing, bringing in more consulting expertise etc.
3. On the ongoing pricing pressure in the IT services industry, Vishal Sikka said it is going to continue given the prevailing conditions of the sector. He felt the only way to combat the pressure is to augment people with software. “The key to outperform the pricing pressure will be with software,” Sikka said, adding, companies who do not innovate in this area will continue to suffer.
4. Vishal Sikka said he felt that the company was moving into the right direction in terms of matching the industry growth rate for FY17. “In FY17, we will get back to industry growth rate,” he remarked.
5. On the industry itself, Sikka said that there was an inevitable shift towards automation. Infosys has already undertaken over three dozens projects built on automation technologies and expects it to become more pervasive. “We expect that 70% of our infrastructure services work to be automated,” Sikka said.