Infosys boss says new strategy moving in right direction, optimistic of regaining bellwether status.
Infosys, the country's second largest IT services firm, is open to 'bigger scale' mergers and acquisitions but with a caveat, it is not interested in "yesterdays" companies.
The route to that target is clear in Sikka's mind.
More than 100 days as the chief executive of India's second-largest information technology (IT) services company Infosys, Vishal Sikka on Wednesday said he was upset at the sector. He added there was a "better direction" the industry must look to take.
As four founder families sold part of their Infosys holdings on Monday, CEO Vishal Sikka said monetisation of shares for philanthropic and entrepreneurship purposes was in line with the company's values.
Sikka's remuneration will likely be comparable to CEOs of global giants like IBM and HP.
A well known figure among the Silicon Valley elite, Sikka recently quit his job at SAP.
Sikka ranks 35th in the list.
Vishal Sikka, the new chief executive officer, is in the process of internally discussing and finalising the future course of action, chief operating officer U B Pravin Rao said on Tuesday.
Infosys' spending on research and development has registered a decline.
Vishal Sikka is equally comfortable designing cutting-edge software as he is negotiating in the boardroom.
This is the first time, perhaps, Infosys has appointed as CEO a person who has never managed P&L or has any experience in managing lakhs of employees.
Infosys has said it will look into allegations that $200-million Panaya deal was significantly overvalued.
Company to set up task force to implement 2,000-plus ideas it has received.
Infosys chief Vishal Sikka took home an annual salary package of $7.45 million (about Rs 48.73 crore) for the 2015-16 financial year.
Sikka reinforces focus on automation & artificial intelligence
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Infosys will develop software for managing the kumbh mela scheduled in Ujjain (Madhya Pradesh) in 2016, he told PTI in an interview.
Infosys is steadily trying to get back its lost ground under Sikka.
Infy board gets law firm to probe 'lapses', appoints Cyril Amarchand Mangaldas to engage with founders.
Well-known among the Silicon Valley elite, Vishal Sikka is the first external CEO for Infy.
Infosys has better days ahead, say analyst.
Vishal Sikka reiterates infy's commitment to surpass sector growth rate in FY17, be a $20-bn revenue firm in CY2020.
Infosys has raised its annual revenue growth guidance in constant currency terms to 8.4-8.8 per cent for the current fiscal.
A sold-out crowd descended on Eisenhower Park on Sunday for a clash of cricketing arch-rivals India and Pakistan.
Infosys CEO Vishal Sikka on Wednesday said the founders of India's second largest IT services firm Infosys still remain committed to the firm and the sold stock will be used for philanthropic purposes.
Shares of Infosys today closed at Rs 1,065.35, down 1.95 per cent from the previous close on the BSE.
Leveraging next generation technologies like artificial intelligence, software services major Infosys is confident of returning to industry-leading growth and regaining its position as the bellwether of the over $100 billion Indian IT industry.
Says Murthy's initiatives over last one year showing results; to augment company's strategy with innovation
Infosys was the worst performer among the bluechips on both the key indices.
From humble beginnings in Baroda to a PhD from Stanford University and leading a turnaround at tech giant SAP, Vishal Sikka's zest for knowledge guided his decision to join India's second-largest software services firm Infosys as its next CEO and MD.
If each one of us puts our minds to it, 2015 will be a year to remember, he said
Investors also appreciate the role being played by the founders; analysts, too, remain unperturbed.
Gender diversity is important to the success of companies,he said.
Vinesh Phogat is a reminder that true champions are not just defined by their medals but by their character and their impact on society.
Sikka said since more and more of the work is now becoming automated, the Indian IT companies need to focus much more on the innovative areas and on the new areas.
While growing up, Infosys was a real role model to all of us. The opportunity to lead this iconic company is something amazing, says Vishal Sikka.
In new year message, Sikka warns staff of automation, Premji talks of Wipro's core values
Infosys: Sikka magic may revive double-digit revenue growth
The Board rued that its efforts to resolve the concerns of the founders - who together own about 12.75 per cent stake in Infosys - over the course of a year through a dialogue have not been successful.
When Infosys announced its search for the new CEO in April this year, Sikka's name was nowhere in the list of probables that was speculated widely.
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