From Here to Infinity…
INFOSYS: S. GOPALAKRISHNAN
From Here to Infinity…
Forget long-term vision, now it has become a question of day to day survival! With new found evils like rupee appreciation and
a possible end to the concessions awarded to Software Technology Parks of India scheme by 2009 to IT companies and with China fast catching up with India in the IT outsourcing business, is the IT sector honeymoon in India over? Well, if the first decade of the 21st century belonged to IT, the second may belong to infrastructure, but success stories like that of Infosys will continue to live on. Markets will see a different Infosys in 2008. A company that has traditionally shunned the inorganic way of growth will be taking the inorganic route for growth and expects to close in deals worth Rs.6000 crores in the next 10 months. The company, in the briefing of its second quarter results staid, it is open to acquisitions ‘if a match is found,’ he said. The company, which had cash reserves of $1.8 billion as on September 30, 2007, has set aside about $500 million for acquisitions.
“The company is cautious in selecting target companies - looking not only for strategic fits but also the overlap of ability to retain employees and alignment of values, culture and ethics,” believes Kris Gopalakrishnan, CEO Infosys. Let’s see how instrumental will this strategy be to help Infosys sail in this flat world.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
From Here to Infinity…
Forget long-term vision, now it has become a question of day to day survival! With new found evils like rupee appreciation and
a possible end to the concessions awarded to Software Technology Parks of India scheme by 2009 to IT companies and with China fast catching up with India in the IT outsourcing business, is the IT sector honeymoon in India over? Well, if the first decade of the 21st century belonged to IT, the second may belong to infrastructure, but success stories like that of Infosys will continue to live on. Markets will see a different Infosys in 2008. A company that has traditionally shunned the inorganic way of growth will be taking the inorganic route for growth and expects to close in deals worth Rs.6000 crores in the next 10 months. The company, in the briefing of its second quarter results staid, it is open to acquisitions ‘if a match is found,’ he said. The company, which had cash reserves of $1.8 billion as on September 30, 2007, has set aside about $500 million for acquisitions.“The company is cautious in selecting target companies - looking not only for strategic fits but also the overlap of ability to retain employees and alignment of values, culture and ethics,” believes Kris Gopalakrishnan, CEO Infosys. Let’s see how instrumental will this strategy be to help Infosys sail in this flat world.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist)
Labels: 4ps, ARINDAM CHAUDHURI, BUSINESS AND ECONOMY, Guru economist, IIPM, iipm-article, iipm-press, iipm-publications, management guru, news weekly, renowned management guru, the Sunday indian
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