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News >> Technology >>
Infosys aims for top-10 spot
By agencies
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Tuesday, 13 June 2006, 19:30 IST
BANGALORE: With Infosys nearing its silver jubilee and its co-founder turning 60 this year, Infosys has a lot to rejoice. The co-founder, chairman and chief mentor of Infosys, Narayana Murthy revealed that he would retire from chairmanship but would continue to play the role of a non-executive chairman in the IT major.
With a goal to increase the number of customers, employees and investors, and get bigger projects Murthy expressed his wish to see Infosys figure in the list of top 5 to 10 companies in every market in the world in categories like best employer, best managed company etc.
With 98 percent of revenue generated from exports and only 2 percent in India at Infosys, Murthy stated, Infosys was started as a global software services corporation that sources skills and capabilities from the cheapest locations and sells the services where markets are not limited by national boundaries.
After pioneering the Global Delivery Model, Infosys is working on a new service delivery model known as Collaborative Distributed Delivery Model which will involve distribution of various aspects of a project based on competencies of each center of Infosys. Talents and skills from different parts of the world involving virtual teams, would be used to deliver various components of the project.
Reminiscing the early days of Infosys and the turbulent time in the early 90s when the company was almost on the verge of shutting down, Murthy recollects how the economic reforms in 1991 gave the company a fillip to zoom ahead.
Infosys has recorded a growth rate of 30 percent every quarter and touched the $1 billion high point in 2004. Thereafter, there was no looking back. Infosys closed their revenues in 2005 at a whooping $2.2 billion.