Log in to our website to save your bookmarks. And the share of revenues from digital technology services as a … Salil Parekh, chief executive officer of Infosys (Photo: Bloomberg) Infosys is reaping benefits of early digital investments: Salil Parekh 4 min read. Earlier, Salil was a member of the Group Executive Board at Capgemini, where he held several leadership positions for 25 years. "We've taken a view to be a little bit more flexible in the way we will define the timeline. This year, we are still growing amid this global medical crisis. Parekh too, in the short span that he has been at the company, wasn’t spared the anonymous whistle blower, although nothing seems to have come out of it so far. It's more of a benchmark to show that we are moving with our clients and are extremely relevant to what they are looking for. Meanwhile, Infosys’s pipeline has grown, and its large deal total contract value has grown 3x of what it was two years ago. One is the move towards digital transformation deals and acceleration to cloud. You are now subscribed to our newsletters. All of these factors have helped us achieve a 25.4% margin in Q2, and hence, we were comfortable to raise the FY21 guidance for operating margin. It was some six years ago that Infosys’s founders started their experiment with the company’s first professional CEO with Vishal Sikka, a former senior executive at business software behemoth SAP. Here are five things to know about the new head of Infosys: Salil’s expected tenure is to be five years, and he has already made his mark on the company, telling employees to reskill themselves in his introductory video, “There is a lot of technology disruption and each employee has a role to play to survive the continuous technology disruptions.” He received a rousing welcome at Infosys on his first day, with employees taking to Twitter to post selfies with their new boss and welcome him to the firm: Welcome to @Infosys @SalilParekh we look forward to a great time ahead! Today, we are clear in October, we are continuing in that direction. Part of the reason is a lot of the large enterprises worldwide are now going faster on their digital transformation journey. It's always a mix of large, medium and small activities with our clients. (File photo)  |  Photo Credit: BCCL, Trump or Biden? There are also potential headwinds. He was responsible for overseeing a business cluster comprising Application Services (North America, UK, Asia), Cloud Infrastructure Services, and Sogeti (Technology & Engineering Services Division). Parekh himself, in an interview with Forbes India, acknowledged that his biggest challenge will be to keep the entire company’s focus fixed entirely on clients’ needs, and responding quickly and effectively. Salil has nearly three decades of global experience in the IT services industry with a strong track record of driving digital transformation for enterprises, executing business turnarounds and managing successful acquisitions. here is no doubt that Sikka was a highly capable and deeply committed technocrat, but Parekh didn’t mind coming off as less glamorous. The biggest part of that was the focus on digital and that has driven a lot of the transformation and growth that we see with clients. We have reskilled a large number of our employees on new areas of the digital. Salil Parekh is the current chief executive officer and managing director of Infosys. [3][1], One Board member of Infosys received two anonymous whistleblower complaints of unethical practices at Infosys that also accused Salil Parekh. Parekh, a former Capgemini senior executive, seemed to be the opposite of Sikka in some ways. We also have very good organic growth in those areas. Salil took over as Managing Director and CEO of the IT giant yesterday (January 2), though the announcement had been made a month earlier by Infosys, on December 2. Do you see digital crossing more than half of your total revenue? Announcing Sikka’s appointment to the chief executive’s post, founder NR Narayana Murthy was in a great mood, joking with reporters at a press conference that ‘sikka’ meant coin or money, and therefore, he hoped Vishal Sikka would make even more money for the company. Today, the share of digital in our business is 47.3% and we anticipate it will cross over 50% fairly quickly. Copyright © e-Eighteen.com Ltd. All rights reserved. Its efforts—on CEO Salil Parekh’s watch—seem to be paying off as it has won ever larger contracts. But every four weeks, we have a review to see what we should do, keeping in mind the safety of employees, and then keeping in mind what is required from a client service perspective. 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''We laid out a few elements of our plan. In case you can’t find any email from our side, please check the spam folder. Salil has intensified this culture of learning and innovation. And it re-applied the stamp of authenticity to Infosys’s ability to execute on important projects of massive scale. This week in Auto: Kia Sonet bookings skyrocket to 50,000; Nissan’s... Govt taking steps to strengthen agriculture sector: PM Modi, ITR filing date for AY20-21: CBDT extends deadline to December 31. Here's why Infosys not worried about either scenario. The Audit Committee conducted a thorough investigation with the assistance of independent legal counsel Shardul Amarchand Mangaldas & Co. and PricewaterhouseCoopers Private Ltd.[4], "Infosys gets a new boss in Salil Parekh today but can he keep Narayana Murthy happy? This is because clients are driving their new spends on transforming from a digital perspective ranging from cloud, data, cyber security, or simply how people interact with technology. 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Salil takes over from interim CEO UB Pravin Rao who was appointed after the resignation of former CEO Vishal Sikka in August. So that’s part of the reason for raising our guidance. The pandemic that saw Infosys massively enable work from home, will continue to provide a tailwind as the IT company’s biggest customers return to spending in an environment where tech is the strategy, as many industry executives like to point out. And also of course, from client locations, as clients decide what's right and appropriate for them, we see that model will be much more flexible. Bengaluru: While 99% of employees at Infosys continue to work from home in the aftermath of Covid-19, the software major's CEO Salil Parekh said it will have many of its employees working from campuses in India and countries around the world after the medical crisis. He was responsible for the strategy and execution of these businesses - setting direction and enabling rapid client adoption. In this case, the company had equipped 99 percent of 2,40,000 people to work from home. So those will be the guidelines, we've not yet set any long term or medium term sort of targets or dates, but much more looking at it as the situation is evolving," he said. It will also involve a lot more work within our digital centres that we built. We grew 25.4% y-o-y last quarter and we have been consistently growing at that rate and higher over the last few quarters as we started our investments very early on. Click here to read the Mint ePaperMint is now on Telegram.

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