Infosys Well Positioned to Continue its Growth & Margin Trajectory: CEO
CEOInsights Team, 0
“I believe we are well positioned to continue our growth, and continue our margin trajectory, as we come out of COVID. You saw as we finished last financial year, we grew at 9.8 percent, the year before that at nine percent and even in this COVID time, we are still growing last quarter at 2.2 percent,” he said. Salil sounded fairly confident on getting back on the growth momentum that was there before and margin drivers that have been put in place. He said, Infosys is the only large IT services company that has reported year-on-year growth both in Q1 and in Q2. The company is gaining market share and has given full-year growth guidance. We believe we are well-positioned to continue on growth and margin trajectory.
Salil noted that its investments are making the company
The company had a stable leadership team over the last three years that is working collaboratively, and is focused on serving customers
‘more relevant’ for clients. He expressed confidence that given the market dynamics and the way it has positioned itself, Infosys will continue with its growth journey. According to him, it is a focused plan to work with existing clients and work with what they want to do next, what is relevant for them and how Infosys can help them in navigating the next, by then, becoming deeper in the relationship with those clients. Further stressing on client-centricity he stated “We have some statistics, where our accounts greater than $100 million has steadily expanded because of this attention to our clients”. Salis also said that the company is also focusing its attention on new accounts and working with new clients.
“Our leadership team, I believe, is working extremely well, it’s been stable for the last three years. The team is working collaboratively. We’re making sure that we are cohesive and we have a common focus in serving our clients, and focusing into all aspects within the company,” he said. He added that the company has made strategic bets in growth drivers like investments in digital in automation. Infosys has been working on a consistent strategic blueprint which is to scale digital capabilities, deepen automation & AI, re-skill employees and expand localization. They have launched Infosys cobalt that combines all of cloud capabilities, with the idea to help clients grow faster in cloud journey and to do it with reduced risks. “We’ve also got a clear set of margin drivers, which are in place, at which we are strategically executing on which I believe will help us sustain and over time in the medium term, expand our margins,” he said.