$20 billion revenue target by 2020 looks difficult, says Infosys CEO Vishal Sikka
Infosys CEO and MD Vishal Sikka in his recent interview to a leading business news channel said that achieving the $20 billion revenue growth target by 2020 looks almost impossible adding further that the target was put forward three years ago to give a glimpse of the way forward.
Infosys CEO and MD Vishal Sikka in a TV interview said that achieving $20 billion revenue growth target by 2020 is difficult.
"...There are two parts to that, $20 billion, 30% margin, $80000, this is a very concise way to capture what needs to be done with the company, with the strategy," Moneycontrol reported citing Sikka as speaking to CNBC TV18 news channel in an interview on June 9.
"We are sticking with it but 2020 is almost impossible. So, how the board decides what to do with the compensation trajectories and all of that, this is up to them," he said.
"To the investors, to the financial community we have never said that this is a goal. This was always an aspiration to sort of rally the company around something aspirational and so on," he said.
"$20 billion 2020 target was put forward three years ago to give a glimpse of the way forward," Sikka told the news channel.
"If you look underneath that, I talk about the new and the renew, software and the services, the automation and the innovation, ultimately the way to capture all of that is rapid growth, $20 billion, we have the ability to get there largely organically. 30% margin which means that we will not sacrifice margins to get there. In fact, we believe that we can improve the margins to get there by bringing in an element of non-linearity and software and so on," he further said.
"We will ensure that we have consistent profitable growth with high margins," cited Sikka.