Infosys wants 50% of its revenue to come from this business

Infosys, India’s second-largest software exporter, is gunning for higher margins as it aims to earn half its revenue from the company’s fast-growing digital portfolio, according to its chief executive Salil Parekh. Buoyed by the strong deal wins in the first quarter of this financial year, the Bengaluru-based IT giant is signaling a revival after a protracted spell of management turmoil, technological shifts and regulatory upheaval in its largest market had marred business in recent times.
The forecast of double-digit revenue growth at the higher end for this year and the possibility of deal wins in excess of $6 billion it had bagged in fiscal year 2019 is lifting the confidence of Infosys’ top executives who believe hiring top notch talent for sales and strategic acquisitions to boost digital capabilities is now paying off.
“Our stated objective is to have a high margin business. There is no question on that,” Salil Parekh, CEO of Infosys told ET in an exclusive interview on Thursday.