Infosys transformation complete, focus now on growth: S D Shibulal

Infosys chairman KV Kamath on Saturday addressed the much-awaited annual general meeting of the company.

He said that the company management has successfully met the challenges posed by the global market uncertainties. "The management demonstrated once again the strength of the leadership at Infosys," he added.

SD Shibulal, CEO, Infosys, said, "I am very confident of continuing the Infosys legacy that the earlier stalwarts had started."

He updated shareholders on Infosys 3.0 highlighting three focus areas. These include Business and IT services which delivers 62 per cent of our revenue, Consulting and system integration delivers 31 per cent while products and platforms delivers 5.9 per cent.

“Our transformation is complete and the focus is on accelerating growth,” he said.

Here are the highlights from the annual general meeting of Infosys:

The last year has been hectic for Infosys, with key management changes, re-organization of the company and implementation of the Infosys 3.0 strategy.
We have also faced an uncertain global scenario yet we have done well under the given circumstances.

The IT industry is facing twin challenges of commoditisation and scalability.
Announcement of final dividend of Rs 22/ share.
Announcement of special dividend of Rs 10/ share on account of the 10th year of operations of the Infosys BPO.
Recruiting high numbers of highly skilled people will be a challenge.
Three shareholders have asked for a higher dividend. A shareholder pointed out to the management that the company is not making any acquisitions and is hesitant in its approach. “The company needs to be aggressive as this could lead to an opportunity lost,” the shareholder said.