#GreyhoundInMedia: Vishal Sikka harbinger of change, Infosys set to witness major shift in focus #Press #Media #Firstpost

India’s second largest IT services provider Infosys Ltd surprised investors by posting a better-than-expected margins and net profit for April-June 2014 (Q1 FY2015). The company managed to beat consensus expectations with the consolidated net profit falling 3.5 percent sequentially to Rs 2,886 crore in the first quarter.

Commenting on Infosys’ new tech-oriented move, Greyhound Research chief analyst Sanchit Gogia said, “Infosys is at the cusp of change and nearly flat growth from the previous quarter was expected. The last quarter has been lukewarm for most players in the industry but this is set to change in the coming quarters. Having said that, Infosys is all set to undergo a transformation shift in it’s DNA – from a pure-play system integrator to a firm with increasing focus on software assets and intellectual property.”

“We can expect Infosys to continue focus on emerging technologies and growth markets – with Vishal at the helm, being at the forefront of innovation should be the least of the worries for the street and clients,” Gogia believed.

On this matter, Gogia noted, “While much has been said on the high attrition rate at Infosys, the management has been taking corrective measures to solve the problem. It’s important to remember there’s no magic wand to solve such issues and it can take 2-3 quarters before this can be normalised.”

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