Infosys Acquisitions Under CEO Salil Parekh: A No Layoff Strategy Driven by AI
Infosys Focuses on Acquisitions and AI Strategies
Infosys Ltd. is aiming for growth through acquisitions in data analytics and software-as-a-service (SaaS) as generative AI fuels client interest. CEO Salil Parekh has stated that the company does not anticipate any layoffs due to this technological focus.
New Age Technology and Strategic Acquisitions
Recently, Parekh revealed plans to explore acquisitions within Europe or the United States, focusing on companies that align with their strategic synergies. In January 2024, Infosys announced an agreement to acquire a 100% stake in InSemi Technology Services, worth nearly ₹280 crore, followed by another in April for a 100% stake in in-Tech Holding for approximately 450 million euros.
Engineering Services Expansion
- Parekh emphasized strong performance in engineering services within Infosys.
- The company's balance sheet supports comfortable integration of acquisitions.
- Parekh noted potential interest in areas like data analytics and possibly expanding into the SAAS sector.
Future Outlook on Generative AI
As part of its strategy, Infosys is currently engaged in 225 Generative AI client programs, training more than 250,000 employees in this transformative technology. Parekh believes the adoption of Generative AI will accelerate, similar to previous trends seen with digital technologies.
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