Founded four decades back, Infosys is the second largest (INR 12,39,360 million in Fy’2022) IT services company in India in export revenue with a headcount of 3.14 lakh employees. The company has been ably led by Salil Parikh, MD & CEO, for the last four-plus years. During this time, Salil, along with Nadan Nilekani, Co-Founder and Non-Executive Chairman, had teamed up and charted a new growth path for the organization, ticking almost all the boxes on the performance parameters year after year. Despite macro risks, such as the continued impact of the pandemic and European conflict disrupting the supply chain, elevated inflation, interest rate increases and the possibility of a slowdown in the US; the organization has delivered good annual performance during Fy’2022. Infosys grew by 20.3% over the previous year’s revenue.
The success mantra of their consistent performance was their drive to enhance digital revenues, which has a more robust growth momentum throughout the year, and it now contributes close to 59.2% of the total revenue from 25.5% four years back. Today, the BFSI segment accounts for the most significant chunk of the revenue for company, followed by retail, energy and utilities, and communication. At the same time, North America and Europe are its major contributing geographical regions.
Infosys has driven its growth strategy based on five pillars (C.L.O.U.D)
c: catalyse Digital transformation
This story is from the December 2022 edition of DataQuest.
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This story is from the December 2022 edition of DataQuest.
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