Article by Hiral Vilas
One times top IT giant, Infosys Ltd has announced its revival through investments in high tech areas of cloud computing, smartphone apps and other newer web technologies focusing on outsourcing contracts. One time’s $100 billion IT giant was down with attrition and dropping market value of the company.
Presently, company earns out of low-profit and highly competitive businesses like application development and maintenance and IT infrastructure management services.
Company’s outgoing CEO feels ,Change is inevitable. Infosys posted a higher-than-expected quarterly net profit growth of 21.6 percent.
New CEO Vishal Sikka, a former senior executive at German software company SAP AG who combines both business and tech savvy, is expected to drive the strategy change in Infosys.