Infosys sees tremendous growth opportunities in the post-pandemic era

Infosys saw many opportunities for growth in the post-pandemic era
Synopsis
Infosys hopes to drive digital and technology change for its clients, with demand for these services expected to remain strong despite global business disruptions.
India’s second-largest IT company hopes to drive digital and technology innovation for its clients, with demand for these services expected to remain strong during the global business collapse.

“Business leaders must face the complexities and challenges presented by the pandemic, including slow growth, supply chain disruptions, rising inflation, rapidly rising interest rates, and fears of a recession. Ways to capture market share,” said non-executive president Nandan Nilekani…
“The digital acceleration in the industry has opened many new doors for Infosys to explore,” the 67-year-old co-founder said at the company’s 41st annual meeting, held for nearly the third year in a row due to the ongoing pandemic. Modified term for CEO
Praising CEO Salil Parekh’s role in delivering the company’s “industry-leading performance,” Nilekani highlighted Parekh’s reappointment for another five-year term.
“It is in the interest of Infosys and stakeholders to ensure the continuity and strength of the current leadership,” he said, pointing to Parekh’s proven track record in driving digital change for enterprises, implementing business change, and managing acquisitions.

Parekh, 57, is set to extend his tenure as the longest-serving non-founding CEO of Infosys, with revenues of $16.3 billion for fiscal 2022.
At the meeting, Parekh noted that Infosys has bagged 94 large deals worth more than $50 million worth $9.5 billion in the last 12 months, which will support growth in the short term.
The company signed a major deal worth $14.1 billion through the end of 2021. It also added six clients with transactions worth more than $100 million, bringing the total to 38 clients. The Bengaluru-headquartered company shared five strategic elements for pursuing growing cloud business, maintaining digital intensity, accelerating next-generation seeds along with expanding its business in Europe, and building capacity. in new technological areas such as the metaverse and Web 3.0
Additionally, this new strategy was introduced at an analyst meeting last month. It also includes the study of advanced automation and modernization as well as the importance of caring for people (employees) and their career progression.
“We see great opportunities in the digital and cloud space. We are well positioned as a company to continue to capture market share and create value for all our stakeholders,” Parekh said at the meeting…