HindustanTimes Tue,21 Oct 2014

Innovation to be key in Infosys’ strategy, says Vishal Sikka

HT Correspondent, Hindustan Times  Bangalore, July 30, 2014
First Published: 23:14 IST(30/7/2014) | Last Updated: 23:18 IST(30/7/2014)

Innovation and building new solutions to meet cuastomer needs will be centre to Infosys’ strategy, said Vishal Sikka, who is set to take over as the CEO and MD of the software services firm on Friday. The new leadership team will  broadly stick to the plan put in place by founders, he added.

“The world around us is becoming fundamentally reshaped by software and as a distinguished provider of software, we have a great opportunity to help this transformation of the world that is happening,” Sikka said at Infosys’ extra-ordinary general meeting conducted to ratify his appointment.

He would get an annual salary of $5.08 million and $2 million in stock options.

“The initiatives taken by Murthy (Narayana Murthy) and Kris (S Gopalakrishnan) and Shibu (Shibulal) over the last year or so have started to show results,” added Sikka. “We are confident that the team that we have in place and the recent momentum is in our favour and therefore we see no reason to change the strategy.”

He also said that newly-appointed chief operating officer UB Pravin Rao would be responsible for all matters in Bangalore. “Pravin and I will work very closely together and Pravin will be responsible for all the matters in Bangalore. Whenever I am not here, he will be responsible for all the operational aspects.”

Infosys co-founder Kris Gopalakrishnan said: “About 62% of our revenue comes from the US and about 23% from Europe, so significant percentage of our business is actually outside India. We have large presence in the US. Vishal being outside and spending sufficient number of days in a month in India, we believe is a good model.”

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