<div><em>Addressing the shareholders, Sikka said Infosys is making disruptive changes to traditional businesses, backed by an aggressive sales strategy to pull the company out of its slumber</em></div><div> </div><div>Less than a year after taking the helm of India's second-largest software services exporter, Infosys Ltd's managing director & CEO Vishal Sikka has roped in 221 new clients. His first priority is to take the company's profitability to 30 per cent, from the current from the current levels of 22 per cent. He has been signing all the big deals of Infosys himself; signaling to the world that he wants his organisation to be ahead of the competition.</div><div> </div><div>The former SAP AG executive expects that it can be achieved by increasing revenues from existing application development and maintenance businesses. Sikka is confident that the initiatives Infosys has taken under his watch should help the company clock 13 per cent growth in its traditional software services exports business in each of the coming five years as its sets out to become a $20 billion entity by 2020. He also wants to make a big foray in platforms, which he believes is the bet that Infosys can risk.</div><div> </div><div>Infosys on Monday (22 June) secured shareholders' approval for buying its healthcare business subsidiary for $100 million (Rs 625 crore), a company official said.</div><div> </div><div><img alt="" src="http://bw-image.s3.amazonaws.com/Vishal-Sikka-3_BB-lrg.jpg" style="width: 644px; height: 415px; margin: 1px;"><br><br>Traditional business models were being disrupted by new technologies and new ideas, which pose challenges and opportunities, Infosys' non-executive chairman R. Seshasayee said on Monday. </div><div> </div><div>"We are in the midst of tremendous changes in the IT industry and our company. (Chief Executive) Vishal Sikka and his management team have articulated a clear strategy to exploit these emerging opportunities," he told investors at the company's 34th annual general meeting in Bangalore. </div><div> </div><div>Addressing the shareholders, Sikka said the IT company is making disruptive changes to traditional businesses, backed by an aggressive sales strategy to pull the company out of its slumber. </div><div> </div><div><img alt="" src="http://bw-image.s3.amazonaws.com/Vishal-Sikka-5_BB-lrg.jpg" style="width: 640px; height: 463px; margin: 1px;"><br><br>Sikka, who has had hundreds of client meetings in the last 10 months, said the company is focusing on improving sales performance. The accent is also on renewing core business with clients and innovating in fresh areas.</div><div> </div><div>The AGM, chaired by the new non-executive chairman R. Seshasayee, also approved the appointment of Roopa Kudva as an independent director on the company's executive board.</div><div> </div><div>Earlier, Sikka in an internal company blog on Sunday highlighted some of the biggest achievements for India's second-largest software exporter over the past year and also spoke about some of the big bets it has made, including what the company internally calls 'Zero Distance'. </div><div> </div><div>Sikka said the company started the Zero Distance initiative as part of an internal push to infuse innovation into each of the company's existing client projects. Infosys currently has roughly 23,000 projects with customers.</div><div> </div><div>Can Infosys do it? <a href="http://bw-image.s3.amazonaws.com/strategic-business-update.pdf">Here's the entire plan laid bare in the presentation</a></div>
_20241105142833_original_image_22.webp)