Infosys Aims To Become $20 Bn Company By 2020

CHENNAI: Information technology bellwether Infosys Ltd is targeting to become a $20 billion revenue company by 2020 with an average revenue per employee at $80,000, said a top company official near here.

Speaking to reporters, chief executive officer and managing director Vishal Sikka said: "It is an aspirational goal. We use that to organize our thoughts. I believe we can get there."

According to him, the goal would be achieved by a mix of organic and inorganic growth.

Queried about how realistic was the goal of average revenue per employee growing up to $80,000 from the current $50,000, he said many of the routine works would be automated and more number of employees would be deployed in such work that would fetch higher revenue.

He said an additional head count of 70,000 would be added to the company rolls in the process towards achieving the five-year goal.

Sikka said that by 2020 the company would have around 250,000 employees.

Queried about the fourth quarter and the annual results for 2014-15, Sikka said his philosophy is not to worry about transient things like quarterly growth but to look at annual numbers.

Infosys reported net profit of 3,097 crore for the fourth quarter of fiscal 2014-15 with a 3.5 percent growth over the corresponding period the previous year.

The company posted a revenue of 13,411 crore for the period under review, up by 4.2 percent over the previous year.

According to Infosys, the revenues are expected to grow 8.4-10.4 percent in Indian rupee terms.

For the full year, the company posted a consolidated revenue of 53,319 crore, logging an year-on-year growth of 6.4 percent.

The net profit stood at 12,329 crore, up by 15.8 percent.

The company has given a guidance of 10-12 percent growth in constant currency terms for the current fiscal.

The company also announced a definitive agreement to acquire around 500 employees Kallidus Inc, and its affiliate, a leading provider of digital experience solutions, including mobile commerce and in-store shopping experiences to large retail clients.
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