Bengaluru, June 18 (IANS) Indian IT major Infosys has set a goalpost of $20 billion in revenue with and operating margin of 30 per cent to be achieved by 2020, said Chairman R. Seshasayee on Saturday.
“Vishal Sikka, our CEO and his management team have articulated a strategy to achieve $20 billion in revenue by year 2020 with a 30 per cent operating margin and $80,000 in revenue per employee,” he said at the 35th annual general meeting.
Terming the four-year targets to be aggressive and ambitious, Seshasayee said Infosys board strongly believes that these are eminently achievable through game changing initiatives, with the course not being easy.
The chairman said that the said goals must also be viewed in the context of significant external and internal challenges.
“Markets are volatile, business models are changing rapidly, new capabilities need to be built and the organisation needs to adapt with great agility,” he said.
According to Seshasayee, digital technology is having a phenomenal impact on businesses around the world and creating exciting and viable new opportunities for Infosys to parent with clients.
“However, capitalising on this opportunity requires a strong focus on innovation and collaboration.
“At the same time, there has never been a greater imperative to embrace technology to counter the downward pressures on pricing, resulting from commoditisation of traditional software services, in order to maximize efficiencies and reconfigure our solutions,” he added.