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Infosys hopeful of meeting $20-bn revenue target by 2020: Vishal Sikka

Citing opportunities in the wake of global digital transformation, CEO and MD Vishal Sikka said Infosys has the potential to become a leading IT services company in the world and a bellwether once again.

twitter-logoPTI | May 27, 2015 | Updated 16:30 IST
Infosys CEO and MD Vishal Sikka
Infosys CEO and MD Vishal Sikka

Projecting a "tremendous" potential for Infosys to grow and lead, its CEO and Managing Director Vishal Sikka has said that the management's mission is to prepare the company for realising the aspirational goal of achieving $20 billion revenue by 2020.

Citing opportunities in the wake of global digital transformation, Sikka said Infosys has the potential to become a leading IT services company in the world and a bellwether once again.

"Going forward, I see tremendous potential for us to grow and lead. However, it will take us time to see the results of the changes we have made, and are continuing to make, within and outside. It will take us time to renew and reimagine how we work from sales to client service to delivery to finance and legal," Sikka said.

In a letter to stakeholders in the company's Annual Report for 2014-15, he said, "I believe we have a promising year ahead in the near term. Our year-on-year guidance for fiscal 2016 is for growth to be in the range of 10-12 per cent in constant currency."

"Looking beyond this year, the mission of our management team is to prepare the company to achieve an aspirational goal of $20 billion in revenue by 2020 with at least 30 per cent operating margin," he added.

According to Sikka, the company targets to increase revenue per Full-time Equivalent (FTE) to $80,000 by deploying automation and innovation in existing businesses, with a goal of generating at least 30 per cent productivity improvements in existing service lines from these solutions, thereby making the company more competitive to win larger deals.

"New platforms and our edge portfolio working on different revenue models will contribute disproportionately to our revenue per person," he said.

New services such as Design Thinking, solutions in artificial intelligence and intellectual property-led businesses will contribute at least 10 per cent of Infosys' revenue, he added.

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