Vishal Sikka resigns as MD and CEO of Infosys, U B Pravin Rao takes interim charge newsnationtv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsnationtv.com Daily Mail and Mail on Sunday newspapers.
Salil Parekh took over Infosys when it was in turmoil. Having steadied the ship, he is now putting in place the building blocks for the companys long-term growth, setting big “internal” targets to give it direction. Parekh tells ET Prime what it took to accelerate growth and how he is shaping the company for the future.
Since the first quarter of 2019-20, Infosys has been, once again, the growth leader among the big Indian IT services companies. CEO Salil Parekh, who completed three years at the helm this month, looks to have transformed the company that had been roiled by the controversies under his predecessor, Vishal Sikka.
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MUMBAI: Infosys Ltd chief executive officer Salil Parekh began his third year at the helm of Infosys with the fastest December quarter sequential sales growth for the company seen in eight years, reflecting the rosy business environment that the IT industry has found itself in because of Covid-19.
Parekh took over as the CEO of Infosys in January 2018 after the tumultuous exit of former CEO Vishal Sikka and the re-entry of Nandan Nilekani as non-executive chairman of the company.
The company reported a 5.5 per cent sequential, and 12.3 per cent year-on-year, growth in consolidated revenues in the December quarter, which beat analysts’ expectations. The growth was led by strong deal wins for the company and higher utilisation of employees during the quarter.
Updated Dec 22, 2020 | 17:22 IST
Daimler is working towards a model that will have IT infrastructure across its plants and regions, and supports consolidation of its data centers. Representational Image
Bengaluru: Software major Infosys said it has won a multi-year deal from German automotive major Daimler to drive hybrid-cloud powered innovation and IT infrastructure transformation. While Infosys did not disclose the size of the deal, sources ET NOW spoke to pegged it at over a billion dollars, making it the second billion dollar deal for Infosys in a pandemic year, months after it won a large deal from Vanguard.
Daimler is working towards a model that will have IT infrastructure across its plants and regions, and supports consolidation of its data centers. As a part of this partnership, automotive IT infrastructure experts based out of Germany, wider Europe, the U.S. and the APAC region will transition from Daimler AG to Infosys.