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0 -0.000574877838459213 -0.000574877838459213 0.000574877838459417 0.000287438919229811 0.00201207243460765 0.00143719459614844 0.00143719459614844
Stock impact report

Infosys to renew focus on digital services [Reuters]

Infosys Limited American Depositary Shares (INFY) 
Last infosys limited american depositary shares earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: infosys.com/investors
Company Research Source: Reuters
India's Infosys to renew focus on digital services | Reuters 2 Min Read MUMBAI (Reuters) - Infosys Ltd, India’s second-biggest IT firm, plans to renew its focus on digital services as it looks to boost growth amid shrinking profit margins in its legacy business and rising competition from local and international rivals. Digital services - such as cloud, big data and analytics which accounted for more than a quarter of Infosys’ revenue in year to March 2018 - are a massive opportunity, Chief Executive Salil Parekh said on Monday at the company’s first analyst meeting in nearly two years. “The idea is - this is a huge market, how can we be more relevant for our clients’ future through this market,” Parekh said. India’s $154 billion software services industry, led by Tata Consultancy Services and No. 2 Infosys, is facing a margin squeeze in its legacy business such as routine infrastructure maintenance as clients increasingly demand more work for less money. Digital services are the new, Show less Read more
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