13 January 2017, India:
Country’s second biggest IT firm Infosys has elevated its President and Chief Delivery Officer, Ravikumar S, as the Deputy Chief Operating Officer. He will report to Infosys COO U B Pravin Rao with immediate effect as per PTI report.
Infosys CEO Vishal Sikka said the appointment will provide “more bandwidth”. “Ravi is just amazing, he is an extraordinary colleague. Just look at the scale at which we operate, it is massive. So, Pravin and I both need more bandwidth,” he said.
Sikka added that changes will continue to happen even though “there is no particular grand plan”. Ravikumar also oversees Infosys operations in Japan. He is the Chairman of the Board of Infosys China and is also on the board of Infosys Public Services, Infosys Consulting Holding AG, Panaya (an Infosys company) and McCamish Systems (an Infosys BPO company).
Ravikumar, who joined Infosys in 2002, had started his career as a nuclear scientist at the Bhabha Atomic Research Centre.
He has also worked with Sapient Corporation, Oracle Corporation, Cambridge Technology Partners and PricewaterhouseCoopers.
Infosys also announced Q3 results. “Taking into account seasonal and other additional headwinds for the quarter, our Q3 revenue performance was broadly in line with our expectations,” said Vishal Sikka. “Beyond the quarterly numbers, we continue to focus sharply on the execution of our strategy, as reflected in the growing embrace of AI-based automation, growth in our new software-led business, delivering innovation, both incremental & breakthrough and fostering a learning-led culture. Our annual client survey results show highest customer satisfaction since we started the survey 12 years ago and increased adoption of Zero Distance and lowered attrition, especially amongst top performers – these are some of the key indicators of the growing creative confidence of Infoscions.”
“In a seasonally soft quarter, our utilization has remained healthy.” said U B Pravin Rao. “Our continued efforts to improve employee engagement and experience resulted in a reduction in attrition. During the quarter, we added 77 clients and also added 2 clients in the $ 75mn+ revenue category. I would like to congratulate all stakeholders on crossing the $ 10 bn revenue milestone on LTM basis.
“Our ongoing focus on operational efficiencies has enabled us to keep YTD operating margins at similar levels for the same period last year”, said M.D. Ranganath, CFO. “Our cash generation during the quarter was strong.” (Image- Infosys)