Salil Parekh’s Strategy on Infosys’s Growth

NEW Delhi: Almost a year into his role as chief executive officer (CEO) of Infosys Ltd, Salil Parekh has pushed service-led business model while rebuilding stability after a prolonged battle between the board and co-founder N R Narayana Murthy and led to the exit of CEO Vishal Sikka.

The country’s second-biggest software services exporter has posted 7.1 per cent growth in dollar revenue in the six months through September and forecast a 6-8 per cent growth for fiscal 2019. In the previous year, revenue rose 7.2 per cent, the Economic Times reported.

Peter Bendor-Samuel, chief executive of Everest Group, a global IT advisory and research firm, told ET: “He (Parekh) has pivoted Infosys back to focus on services and away from Vishal’s (Sikka, his predecessor) focus on product. Growth has improved, morale has improved and clients are more confident in the firm’s direction.

The publication quoted an Infosys employee who is privy to his execution strategies as saying that while there are immediate targets of large deals, the CEO’s stress has been to concentrate on longer, stronger growth, avoiding not do things in a hurry. People in the know say that numbers-focused Parekh has a knack to engage with executives on tasks. (IANS)

Also Read: Business News