Infosys will move ahead despite industry challenges, CEO assures stakeholders

Infosys CEO Vishal Sikka has assured stakeholders that the company will remain "differentiated and iconic" like always, adding that the IT major will improve and move ahead despite challenges.

Sikka wrote a letter to shareholders, saying that the company will leverage its full potential so that employment opportunities can be shaped up at a time when there is an anxiety for jobs worldwide.

"We can be the next generation services company, as differentiated and iconic as we once were, a company that admires its past and builds on it, or we can be a somewhat improved, but dying, previous generation company that is mired in the past," he said at the company's annual report for fiscal 2017.

The shareholders will get to see the annual report for approval at the 36th Annual General Meeting to be held on June 24, 2017.

Talking about the company's efforts to tide over challenges that have surfaced on multiple fronts, Sikka said, "It is within us to embrace the tough choices and to move headlong, unabashedly, into creating great new features. Our work in these early years of our transformation leading us along this path. It will continue to be a challenging journey, but it is one worth fighting for."

On the global jobs environment, he said, "The ones who leverage technology to fulfil our own unlimited potential, and help others find theirs as well, to shape a better world at a time of pervasive global anxiety about the future of jobs and indeed the future of our humanity."