Infosys To Look At Acquisitions Across Portfolios, Says CEO Salil Parekh

Infosys, India’s second-largest IT services exporter, will look at acquisitions “across portfolios” especially relating to digital as part of a three-year roadmap to stabilise the business before increasing growth momentum, CEO and managing director Salil Parekh said.

“There is lot of hype about Salil’s undoing what Vishal did; I strongly disagree to that,” Sanchit Vir Gogia, founder & CEO of Greyhound Research, said in a telephone interview. “Salil has a very interesting acquisition strategy. If you look at WongDoody it is a fantastic acquisition. IT budgets are moving away from CIOs [chief information officers] and 50% of the budget by 2020 will sit with non-CIOs. In the light of that, what is critical for Infosys is to create mindshare with non-CIO roles. The way you do that is to acquire companies like WongDoody.”

We are expecting from Salil too much. You have got to wait it out. We need at least six to eight quarters before we can say he is an antithesis to Vishal.”

[The Hindu]

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Analyst:

Sanchit Vir Gogia: Sanchit is the Chief Analyst, Founder & CEO of Greyhound Research, an award-winning global research & advisory firm. To read more about him, click here.


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