Infosys to continue with market-driven strategy

Bengaluru Oct 25 (IANS) Emerging out of boardroom battles and troubled times software major Infosys Ltd decided to continue with its market-driven strategy said a top official on Tuesday.

"Our strategic direction will continue to be driven with a portfolio of market relevant design consulting and technology services enabled by software " Infosys Interim Chief Executive U.B Pravin Rao said in a statement here.

With the return of co-founder Nandan Nilekani as non-Executive Chairman of the revamped Board on August 24 members of the new management team and Committee of Directors undertook a strategy refresh exercise over the past eight weeks.

"All programmes accelerated execution plans and prioritised areas of investments across the services and software were reviewed to sharpen the direction " noted Rao.

One of the outcomes of the exercise was a reinforcement of the strategy to beArelevant and accelerate the execution.

It has been a good quarter all around. We continue to be optimistic about the future " added Rao.

The process of identifying the next Chief Executive Officer and shareholder consultation outreach were also progressing well reiterated the statement.

"Q2 has been a quarter of stability and overall performance. Customer relations have stabled as evidenced by the increase in large deal wins. Our focus on operational efficiency continued into this quarter " said Chief Financial Officer M.D. Ranganath in the statement.

--IANS
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