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Information Technology

Expect large deals in hi-tech, manufacturing, financial services space: Infosys CEO Salil Parekh

Updated : July 23, 2020 02:44 PM IST

Infosys CEO Salil Parekh said that the company is expecting large deals in hi-tech, manufacturing and financial services segments going ahead. Parekh also expressed the company's desire to accelerate acquisition plans.

"My sense is we will see some of these (deals) again in the hi-tech area, we will see some of these in the manufacturing area, we will again see some of these in financial services,” Parekh said in an interview with CNBC-TV18’s Shereen Bhan.

“On acquisitions, we absolutely want to accelerate. We have taken some time in this past quarter to expand the pipeline of possible situations we are looking at. The focus is very much on cloud and areas like cybersecurity and the Internet of things (IoT)... Those (acquisitions) will continue to happen at that pace in the coming quarters," added Parekh.

According to him, 99 percent of the company's employees are able to work from anywhere, which in turn has helped the firm in the last quarter in which most faced a supply-side issue.

“We had a really incredible focus on what we call ‘work from home with speed’ and all of the technology, infrastructure, and investments we have made in the past really helped us. If you notice, 99 percent of our employees are today enabled to work from anywhere and we did this with extreme speed," he said.

Speaking about recruitment, he said, “In terms of recruitment, in Q1, we recruited over 5,000 people worldwide, and we continue to recruit. All the recruitment offers we have made - we are continuing with those and we see now... With the guidance we have given for growth, we see that in small ways recruitment will continue all through this financial year."
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