Infosys Will Regain Its ‘Premier Status’, Says Vishal Sikka

Infosys is hopeful of regaining its ‘premier status’ in the next 18-30 months. The IT giant’s market performance has shown improvement recently. "I would say another one-and-a-half to two-and-a-half years to beat the industry growth rate," news agency PTI quoted Infosys Chief Executive Officer (CEO) Vishal Sikka .

Sikka further elaborated that that Infosys has $5.53 billion is cash, zero debt and strong margin performance in the quarter. "We increased our utilisation to 82.7% in the quarter. This was the highest level that we have seen in the last 11 years in any quarters. Our volume growth was 4.2%. This is the highest sequential volume growth in the last three years over any quarter," he said.

According to NASSCOM, the IT sector's exports are likely to grow by 13-15% in FY2014-15 as compared to13% in FY2013-14.

Infosys’ consolidated net profit for the third quarter had increased by13% to reach Rs 3,250 crore, while consolidated revenue had risen by 5.9% to reach Rs 13,796 crore.

Sikka, who is the first non-founder CEO of the Bangalore-based company, was brought from German software giant SAP in 2014 to revive the company.

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