Infosys has a new man at the helm and all eyes are on him to see which direction he steers the company in. Speaking to CNBC-TV18's Shereen Bhan, newly appointed CEO Vishal Sikka today said he is keen to carry on the values that Infosys is built on, but a great opportunity to transform the existing legacy system beckons.
Sikka says top on his agenda is not just improving the existing business, but also innovation with focus on on intellectual property, products and platforms.
He aims to position Infosys as a global company with an Indian soul and is upbeat on taking the company back to its glory days.
He admits that Infosys faces confidence issues and he is burdened by the weight of expectations, however, Sikka believes that Infosys is fundamentally strong and restoring confidence will be is priority number one.
Sikka, the first non-founder and outsider to lead the IT giant, said that the company is looking to work with startups in a big way and will put USD 100 million fund to good use by investing in them.
Also Read: Why Vishal Sikka wants to make Infosys more process-driven
Below is the verbatim transcript of Vishal Sikka's interview with CNBC-TV18's Shereen Bhan.
Q: Tell me your prognosis of what ails Infosys today, I know you haven't gone into the details of Infosys 3.0 and what works about it or what doesn't, but what to your mind are the key three problems facing Infosys today?
A: When I look at the world around the opportunities that are there for software are truly great, next generation, amazing, innovative software. Those are amazing, I am very excited about that and also the opportunities from the traditional business that we are in. So the outside opportunity is there. Then when I look at the capabilities within the company what I have seen in the last several week I am very confident in this extraordinary talent that we have as well as the culture of learning. So per se based on the basic fundamental opportunity is there and that gives me a great sense of confidence and excitement.
Having said that there have been things that have been happening here in the recent past and around attrition and around what you could call an issue with confidence. So one of the key things that I see is the opportunity to restore confidence to inspire the teams and then everything else follows from there.
Q: It might be an unfair comparison but just like Prime Minister Narendra Modi and the hope and the expectations is that he is going to wave this magic wand and turn things around as far as the Indian economy is concerned, you are burdened with similar expectations that a quarter down the line Infosys should have a completely different outlook, what would you tell investors?
A: I am flattered by the comparison. Mr Modi is an incredible leader, he is from Baroda and I am from Baroda.
Q: But it is the same burden of expectation?
A: Yeah, I do feel the burden of expectations, but if you think about the business there are inherent latencies in the business that actions that we take now no matter how great and amazing the action they take a long time to surface themselves.
Q: So what would be a fair time period by when you think you could begin to start seeing a turnaround or whatever ideas you have for Infosys that you intend putting in place?
A: The important thing is for us to look at the journey that Infosys is on as the three year transformation journey that Mr Murthy started last year and my coming here and the new team being here is a part of that. He had said that he wants to get the succession done and so on. That was about an year ago. So we are one year into the three year transformation.
Q: So you intend taking that forward and what is going to be the big driver in terms of ideology and philosophy, because one of the criticisms of Infosys has been that you went after higher margins and you gave up market share, you went after profitability and you gave up revenues. But if you look at your margin picture the gap between you and your competitors have widened significantly, so even the margin argument there doesn't hold as far as Infosys is concerned?
A: You can see in our Q1 we started to show improvements in the fundamentals of the business. So the fundamentals are there, they are strong. We showed improvements in margin over the last year and many steps were taken by Mr Murthy and Kris and Shibu to address those.
Q: But do you believe that you can close the gap between TCS for instance?
A: I don't see it that way. I don't see us comparing ourselves to others in the industry, but rather to our aspirations and how well can we serve the opportunities that are out there in the market. I believe that the opportunities are vast and if we serve them, if we organise ourselves to serve those opportunities then we will once again be the bellwether of the industry as we used to be in the past. I have no doubt about that.
Anda sedang membaca artikel tentang
Sikka focuses on bettering Infy's biz, restoring confidence
Dengan url
http://kebugaranhidup.blogspot.com/2014/08/sikka-focuses-on-bettering-infys-biz.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Sikka focuses on bettering Infy's biz, restoring confidence
namun jangan lupa untuk meletakkan link
Sikka focuses on bettering Infy's biz, restoring confidence
sebagai sumbernya
0 komentar:
Posting Komentar