Parent Interventions: Do you have higher birthweight than your twin?   |  Science Innovations: How to improve educational and cognitive outcomes?  |  National Edu News: IIM Calcutta’s MBAEx Programme secures 42nd rank globally   |  National Edu News: IIM Bodh Gaya conducts YES 2020   |  Parent Interventions: Is fake meat good or bad for kids?  |  Technology Inceptions: Cyber security and privacy risks for e-scooter users   |  Science Innovations: Prescription drug improves symptoms of autism  |  Health Monitor: Survival of preterm babies improves in Canada  |  Teacher Insights: Free research-backed games to train your brain  |  Teacher Insights: How your co-workers can influence your skills   |  Teacher Insights: Golden Apple Awards for Excellence in Teaching 2020  |  Teacher Insights: Academic Success Linked to Genes, Family Income  |  International Edu News: UNESCO celebrates International Day of Education   |  Education Information: First Tech MBA in Europe by IE Business School  |  International Edu News: Nominations invited for UNESCO/Guillermo Cano World Press Freedom Prize 2020   |  
October 25, 2017 Wednesday 04:10:33 PM IST

Infosys to continue with market-driven strategy

Finance

Bengaluru : Emerging out of boardroom battles and troubled times, software major Infosys Ltd decided to continue with its market-driven strategy, said a top official on Tuesday.

"Our strategic direction will continue to be driven with a portfolio of market relevant design, consulting and technology services, enabled by software," Infosys Interim Chief Executive U.B Pravin Rao said in a statement here.

With the return of co-founder Nandan Nilekani as non-Executive Chairman of the revamped Board on August 24, members of the new management team and Committee of Directors undertook a strategy refresh exercise over the past eight weeks.

"All programmes, accelerated execution plans and prioritised areas of investments across the services and software were reviewed to sharpen the direction," noted Rao. One of the outcomes of the exercise was a reinforcement of the strategy to beArelevant and accelerate the execution.


It has been a good quarter all around. We continue to be optimistic about the future," added Rao. The process of identifying the next Chief Executive Officer and shareholder consultation outreach were also progressing well, reiterated the statement.

"Q2 has been a quarter of stability and overall performance. Customer relations have stabled as evidenced by the increase in large deal wins. Our focus on operational efficiency continued into this quarter," said Chief Financial Officer M.D. Ranganath in the statement.

Comments