PICKING UP SPEED DESPITE SETBACKS
DataQuest|August 2023
The era of optionality is upon us. Optionality can take various forms... it is all about having a digital-first and AI-first business architecture, which can be constantly configured,” says Infosys Chairman Nandan Nilekani.
Aanchal Ghatak
PICKING UP SPEED DESPITE SETBACKS

RANK 2 INFOSYS

SALIL PAREKH

CEO & MD 

Infosys offers next-generation digital services and consulting, serving clients in over 56 countries to facilitate their digital transformation. As of fiscal 2023, the company has 3,43,234 employees with 39.4 per cent of workers are women and serves 1,872 active clients.

Infosys generated total revenues of `1,46,767 crore. Net profit for Fy23 was `24,108 crore, an increase of 8.9% compared to Fy22’s `22,146 crore. Over the past five years, Infosys experienced CAGR of 11.8% in net profits, with `19,423 crore in Fy21 and `16,639 crore in Fy20, respectively.

RISK OF ECONOMIC AMBIGUITY 

Indian IT companies are currently facing a decline, twice as severe as benchmark indices, echoing the tech meltdown in the US, besides the aftermath of Covid-19. The main driver is the fear of US recession, a crucial market for the Indian tech firms. Infosys’ performance in Q4-2022 reflects the wider impact of the US banking crisis, affecting various sectors beyond BFSI. The company acknowledged the challenges and considers new strategies to increase market share amidst issues such as sluggish growth, supply chain disruptions, soaring prices, rising interest rates, and recession concerns.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM DATAQUESTView all
How big is India's Computer Accessories Market? Innovations expected by FY25
DataQuest

How big is India's Computer Accessories Market? Innovations expected by FY25

India’s computer accessories sector grows with Make in India, Digital India, and rising demand for high-tech accessories like AIl-powered devices, boosting exports globally.

time-read
3 mins  |
November 2024
When Network Threats Are Not Allowed to Check-in
DataQuest

When Network Threats Are Not Allowed to Check-in

Like elevators, networks in this hotel are segregated for guests, for service, and locked for outsiders unless they prove bona fide. Does this approach work?

time-read
4 mins  |
November 2024
Robotic Surgeries can turn into double-edged Swords
DataQuest

Robotic Surgeries can turn into double-edged Swords

Technology should never come at the cost of affordability, privacy, training ease, the ability to practice anywhere, CRM’s real use and sensitivity to patient experience. Surjeet Thakur, CIO Rajagiri Hospital, Kochi gives us an X-ray from different angles.

time-read
5 mins  |
November 2024
Does Santa Claus watch when you pay rent on time?
DataQuest

Does Santa Claus watch when you pay rent on time?

If yes, what kind of diary does he use to distinguish good kids from delinquent ones? And what stockings can you hang to translate this good behaviour into rewards home loan discounts, prop-tech speed, landlord KYC or more?

time-read
6 mins  |
November 2024
Roadmap for Bank-based Apps to Gain UPI Market Share A missed opportunity!
DataQuest

Roadmap for Bank-based Apps to Gain UPI Market Share A missed opportunity!

As UPI dominates, will banks step up to reclaim their market? UPI continues its meteoric rise, handling 69.6% of India's digital transactions and reaching ₹20.6 lakh crore across 14.8 billion transactions in August 2024 alone.

time-read
3 mins  |
November 2024
The Future of Machine Identity
DataQuest

The Future of Machine Identity

The biggest challenge today in the digital security sphere is securing machine identities -the digital entities such as APIs, software applications, and IoT devicesthat are constantly being targeted due to the changing nature of cyber threats.

time-read
3 mins  |
November 2024
Redefining AI Application Delivery
DataQuest

Redefining AI Application Delivery

In this discussion with F5’s Ahmed Guetari and Adam Judd, we explore the collaboration between F5 and NVIDIA, which leverages the innovative capabilities of NVIDIA's BlueField-3 DPUs and F5’s BIG-IP Next platform. This partnership is set to redefine AI application delivery and security, particularly in the high-growth Indian market, by enabling better resource allocation, faster data processing, and robust security enhancements. With AI adoption surging across industries, F5 and NVIDIA's synergy brings transformative solutions for service providers and enterprises, poised to drive India’s AI-led innovation.

time-read
3 mins  |
November 2024
EPAM's Bold Leap: Transforming Business with Al-Driven Salesforce Solutions.
DataQuest

EPAM's Bold Leap: Transforming Business with Al-Driven Salesforce Solutions.

Siba Padhy, Head of Salesforce Business, EPAM Systems highlights how Salesforce has evolved from a core sales solution to a comprehensive platform that encompasses service, marketing, and commerce, with a significant emphasis on leveraging AI technologies, particularly the newly launched Agentforce and Einstein GPT. Padhy discusses the burgeoning agent tech economy in India and EPAM's strategic focus on delivering tailored solutions that address specific market needs. With ambitious growth targets, EPAM aims to double its Salesforce expertise in the coming years, positioning itself as a key player in driving digital transformation across various industries.

time-read
3 mins  |
November 2024
The Smart Manufacturing Revolution in India
DataQuest

The Smart Manufacturing Revolution in India

Explore how cutting-edge technologies are redefining manufacturing in India, shaping a future where efficiency and sustainability go hand in hand.

time-read
5 mins  |
November 2024
Digital Governance: Changing that Red Carpet into a Green One
DataQuest

Digital Governance: Changing that Red Carpet into a Green One

India's approach and success stories in digital governance show how technology should be used to cover the entire carpet area - From expanding inclusion to the digitally not-so-savvy folks to strengthening interoperability - we have made sure the grass is green, every side

time-read
10+ mins  |
November 2024