Infosys rejigs business units to improve focus of sales investments, increase management oversight
Under Salil Parekh's leadership, Infosys has outlined a three-year roadmap to stabilise and accelerate the company's business.
New Delhi: Infosys has reorganised some of its business segments as part of its efforts to improve focus of sales investments and increase management oversight. The Bengaluru-based company has carved out communications (earlier a part of energy, utilities, communications and services) as a separate business unit as part of these efforts.
"During the three months ended 30 June 2018, the company internally reorganised some of its business segments to deepen customer relationships, improve focus of sales investments and increase management oversight," Infosys said in a regulatory filing.
Consequent to the internal reorganisation, there were changes in the reportable business segments based on the management approach, the filing added.
Infosys' go-to-market business units will now include financial services; retail; communication; energy, utilities, resources and services; manufacturing; hi-tech; and life sciences.
Others category will include India, Japan, China, Infosys Public Services and other businesses in public services, the filing said.
In January this year, Infosys had appointed former Capgemini executive Salil Parekh as its chief executive officer. He was tasked with turning around the company, that faced a year-long acrimony between founders and previous management over corporate governance issues.
Under Parekh's leadership, the country's second-largest IT services firm Infosys has outlined a three-year roadmap to stabilise and accelerate the company's business.
Infosys is betting on growth with strategic investments and plans to invest in inorganic moves to expand client relevance. Key investments will also focus on enhancing the company's capabilities and increasing localisation efforts, Parekh had said.
Earlier this month, Parekh had said the company was witnessing a "good" demand environment in large markets such as the US and Europe. The company has set a revenue growth target of 6-8 per cent for the full financial year.
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Infosys retained its FY'19 revenue guidance in constant currency at 6-8 percent.
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