Infosys revamp brings in more large deals and profits in first quarter

Bengaluru, July 21 (ANI): IT services provider Infosys Limited on Tuesday (July 21) said a business revamp initiated by its first non-founder boss helped it win more large deals in the first quarter, fuelling a 5 percent rise in net profit. Infosys, a bellwether for India’s $150 billion IT services industry, has in recent years struggled to innovate and retain market share due to a staff exodus that also hurt its ability to win big deals. Under Chief Executive Vishal Sikka, brought in about a year ago to chart a new strategy, Infosys has made bets on automation and other high-margin services such as artificial intelligence and digital technology to regain ground lost to rivals including leader Tata Consultancy Services Ltd. Sikka said it was the first significant step in their journey to become leading services company.

Watch the Video below

Ventuno