Infosys expects acquisitions to bring in additional revenues of about $1.5 billion (Rs 9,600 crore) as the IT services behemoth aims to achieve an aspirational revenue goal of $20 billion (Rs 13,600 crore) by 2020.
The country’s second largest software services firm is also aiming to bring attrition levels down to the lowest in the industry in the same time frame.
“The mission of our management is to prepare the company to achieve an aspirational goal of $20 billion in revenue by 2020 with at least 30% operating margin with specific targets,” Infosys CEO Vishal Sikka said in the company’s annual report.
These targets include increasing revenue per full-time equivalent to $80,000 by deploying automation and innovation in existing businesses.
The Bengaluru-headquartered company has been scouting for innovative companies in areas such as automation and artificial intelligence.