Infosys targets $20 billion stature by 2020

Chennai – Infosys, the leading Information technology company aims to reach the $20 billion mark for its company by 2020. One of the top officials from the company has said that the company is planning to reach average revenue of $80,000 per employee. The managing director and the chief executive officer of Infosys, Vishal Sikka while speaking to the reporters in Chennai said that the company aspires to meet this goal.

The company officials are hopeful of reaching there and are accordingly, organizing the thoughts, said Sikka. The company plans to achieve this target by mixing the inorganic and organic growth. According to Sikka, Infosys plans to reach the average per employee goal target by automating most of the routine services and deploying the employees in higher revenue generating services.

The company plans to add 70,000 more employees in the due process to achieve the set goal in five years. It will take the count of Infosys employees to 250,000 by 2020. According to Sikka, the company is not going to take into account the quarterly output and is rather concentrating on annual results and figures.

The company’s fourth quarter fiscal growth rate for 2014-2015 was 3.5% with a takeaway net profit of INR 3,097 crore.

Infosys acquires Skava Digital Providers

The company has already started its quest for increasing growth rate. Recently it acquired the American digital e-commerce service provider Kallidus along with its affiliate Skava. The deal was sealed at $120 million, and a definitive agreement has been made between Infosys and the digital service provider.

Kallidus and its affiliate provide digital experience solutions that include in-store shopping experiences to the large retail clients and mobile commerce.

The company has acquired the services of Skava to offer the benefits of IP-led technology, including new automation tools and unparalleled expertise and skills in new areas of excellence.

The company also recently invested in a start-up company, Airviz that is a personal air-quality monitoring company and a spinout from Carnegie Mellon University.