Infosys Technologies Ltd. is betting big on the agile digital market as it estimates the opportunity in the segment to be at $160-200 billion.
“We have a large and growing agile digital portfolio that accounted for 25.5 percent of our revenue for 2017-18,” India’s second-largest software services company said in a statement to the exchanges today. Speaking on the sidelines of the Morgan Stanley conference, Infosys CEO Salil Parekh said the segment is competitive now with no established leaders, thus paving the way for growth opportunities.
The agile project methodology, on a broader level, refers to breaking down projects into small pieces that are completed in smaller sessions.
Infosys had reported a sequential decline in profit for the quarter ended March, on the back of a one-time tax gain in the previous quarter. The company expects the likely upside from its digital offerings to improve its numbers.
Takeaways From The Conference:
- Core services segment is growing along with digital services.
- Artificial Intelligence, automation and productivity may help gain market share.
- Traditional businesses are already becoming a part of the digital segment.
- If we can attack some of our weaker competitors, there can be growth in core services.
- There are small and large players in the digital arena, with no established leader.
- Most of the cloud players provide an infrastructure layer, and that’s where we will make a difference and bring in capability to our clients.
- Our business in China is small today and going ahead, we don’t have large expansion plans there.