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Wednesday, 25 April 2018

Infosys to bet on acquisition for growth, 3-year roadmap introduced

Infosys to bet on acquisition for growth, 3-year roadmap introduced

India's second largest IT services company will bet on the acquisition for Infosys Growth. While presenting a three-year roadmap to increase business, the company said that Infosys will invest in acquisitions to accelerate growth.

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Giving a detailed presentation to stake analysts , with Stretchy Investments , Infosys CEO and MD Salil Parekh said that the company is betting on growth with a strategic investment. He said that focus will be on increasing the company's capabilities and localization, so that Infosys gets 70% free cash flow under 'Disapply Capital Allocation' plan. 
According to the presentation, Infosys will focus on stability in the financial year 2018-19 and its growth will be targeted. 

Infosys , which is investing on digital capabilities, has said that it is investing on Digital Capabilities and Priority Services, artificial intelligence and automation, company and its clients are putting money in the recycling of talents. Along with this, the company's emphasis is on hiring at the local level in many markets. Infosys is expected to get 160 to 200 billion dollars in the digital market.

The strong digital portfolio
company said that its digital portfolio is very strong and its digital revenue in FY18 was $ 2.79 billion, which is 25.5 percent of the total revenue.
Parekh, who joined the board as CEO in January this year, has been entrusted with the task of bringing the company's business back on track, which has been struggling for the last one year with the collision of corporate governance between founders and previous management. .
The CEO said that he is meeting with clients and Employees, to create a blueprint for the company's growth.

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