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Bengaluru: Infosys<\/a> said revenue would grow below the pace forecast for the software industry, muting expectations for the first full year of Salil Parekh<\/a>’s CEO-ship even as India’s second-largest software firm aims for a fresh start by shedding the legacy of former CEO Vishal Sikka<\/a>.\n
\nThe Nasdaq-listed company said it is seeking buyers for two firms — Skava and Panaya — acquired during Sikka’s tenure to build a so-called software plus services model, and will instead look to seal more deals in the growing digital economy.
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\n“We have huge strength in digital and agile digital services,” Parekh told analysts on Friday after he presented the company’s annual results in Bengaluru. “We will execute our strategy around the four pillars of scaling our agile digital business which is today $2.79 billion in revenue,” he added.
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\nINKED DIGITAL DEALS WORTH OVER $3 BILLION<\/strong>
\nThe company will rely on artificial intelligence and automation to win digital deals, reskill employees and hire more locals in markets such as US, Europe, and Australia.
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\nInfosys, acquired a US digital and consumer insights agency WongDoody Holding Company, Inc. for $75 million as it looks to enhance capabilities to offer services to clients who are increasingly shifting their engagement with their customers on smartphones.
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\nThe company has forecast a revenue growth of 6-8%, which is below the 7-9 % growth charted by industry lobby Nasscom for the software services sector, as Parekh focuses on building a digital business. It expects margins will be between 22-24% for the year ahead. The company said it has signed deals over $3 billion last year including $905 million in the quarter to March.
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\n“Infosys’ FY19 revenue guidance is in line with our expectations, while margin guidance disappoints a little bit considering its additional investments in digital and setting up onsite delivery centres,” Sanjeev Hota, AVP – Research, Sharekhan by BNP Paribas said in a note.
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For fiscal 2018, Infosy profits<\/a> grew 11.3% to Rs 16,029 crore on revenue of Rs 70,522 crore, which grew 3 % over the previous year. In fiscal 2017, it reported profit of Rs 14,353 crore on revenue of Rs 68,484 crore.
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\nAt 9 pm Indian Standard Time, American Depository Shares of Infosys issued on Nasdaq had skidded by 8.2% compared to a 0.1% decline in the broader index.
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\nThe Bengaluru-headquartered company said it has written off $90 million in Panaya on a standalone basis, which is nearly half of the $200 million that it had paid to acquire the Israeli software firm in February 2015. It acquired Kallidus, which is referred as Skava, for $120 million in April 2015.
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\nBoth firms combined have been valued at Rs 2,060 crore ($316 million) with liabilities of Rs 324 crore ($50 million) and classified as “held for sale” in its books.
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\nINDEPENDENT DIRECTOR <\/strong>
\nInfosys has also named Biocon chairman Kiran Mazumdar Shaw as the lead independent director of the board. It has dissolved its finance and investment committee, which was headed by independent board member Punita Kumar Sinha.
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\nParekh told reporters that Panaya had changed part of its market focus after the acquisition which contributed to the decision to put it up for sale. MD Ranganath, chief financial officer at Infosys, was more candid in saying that both firms did not “fully align” with its future strategy.
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\nAllegations of wrongdoing in the Panaya deal, including questions over a hefty severance package for former CFO Rajiv Bansal, finally led to Sikka’s exit in August 2017.
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\nWithin a week chairman R Seshasayee quit the board, leading to the return of cofounder Nandan Nilekani as non-executive chairman. Nilekani, who found no wrongdoing in the Panaya acquisition, picked Parekh, a former executive of Capgemini to head the company from January. Unlike Sikka — who hired a number of executives many from his former employer German software maker SAP — Parekh has preferred to harness the existing leadership at Infosys to build his business.
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\nIn the three months as CEO, Parekh has engaged with employees and clients, and set out what he calls “navigating your next” to engage with clients to adopt digital services.
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\nQ4 RESULTS<\/strong>
\nThe Bengaluru-based company said fourth quarter profits grew 2.4% to Rs 3,690 crore and revenue by 5.6% to Rs 18,083 crore. Operating margins stood at 24.3%. Infosys had reported profit of Rs 3,603 crore on revenue of Rs 17,120 crore between October and December 2017.
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\nInfosys which has cash reserves of $3.04 billion or Rs 19,818 crore, plans to return $2 billion or Rs 13,000 crore to shareholders by February next year, which includes Rs 2,600 crore or $400 million as special dividend. Ranganath said the firm was generating higher margins in digital deals and is looking to sustain this over the coming months.
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印孚瑟斯在FY19增长放缓;Salil帕尔克计划加强数字游戏
Bengaluru-headquartered公司的利润增长11.3%,至16029卢比的收入70522卢比FY18;Skava和Panaya出售
班加罗尔:印孚瑟斯说收入将增长低于预估软件行业步伐,静音的第一个全年预期Salil帕尔克的CEO-ship即使印度的第二大软件公司的目标是为一个全新的开始脱落前首席执行官的遗产Vishal Sikka。这家纳斯达克上市公司说这是为两家公司——Skava和Panaya——寻找买家收购在Sikka任期内建立一个所谓的“软件+服务模型,并将看着达成更多交易的增长数字经济。
“我们有巨大的力量在数字和敏捷的数字服务,”帕尔克告诉分析师上周五在他展示公司的年度业绩在班加罗尔。“我们将执行我们的战略的四个支柱扩展我们的敏捷数字业务今天27.9亿美元的收入,”他补充道。
签署了数字交易价值超过30亿美元
公司将依靠人工智能和自动化获得数字交易,reskill员工和雇佣更多的当地人在美国等市场,欧洲,澳大利亚。
印孚瑟斯,获得了美国数字和消费者洞察机构WongDoody控股公司,公司以7500万美元的价格,因为它看起来增强功能提供给客户服务正越来越多地将其与顾客接触智能手机。
公司预测收入增长6 - 8%,低于维持%增长绘制的行业游说印度软件服务业,帕尔克专注于建立一个数字业务。预计利润会在来年的22 - 24%之间。该公司表示,已签署协议超过去年的30亿美元,包括9.05亿美元的季度。
“印孚瑟斯FY19营收指标符合我们的期望,而边缘指导令人失望有点考虑其在数字和追加投资设立现场交付中心,”(Sanjeev Hota, avon,研究Sharekhan由法国巴黎银行(BNP Paribas)在一份报告中称。
2018财年,Infosy利润增长11.3%,至16029卢比的收入70522卢比,这比上年增长了3%。在2017财政年度,该公司公布利润14353卢比的收入68484卢比。
印度标准时间晚9点,美国存托股票在纳斯达克上市发行的Infosys打滑了8.2%而更广泛的指数下降0.1%。
Bengaluru-headquartered公司表示,它已经减记了9000万美元的Panaya在一个独立的基础上,近一半的2亿美元,已支付2015年2月收购以色列软件公司。收购Kallidus,称为Skava, 2015年4月以1.2亿美元的价格。
两家公司合并已经价值2060卢比(合3.16亿美元)债务的324卢比(5000万美元)和归类为“待售”的书。
独立董事
印孚瑟斯也叫百Kiran Mazumdar肖董事长首席独立董事的董事会。溶解其金融和投资委员会是由独立董事会成员Punita Kumar Sinha。
帕尔克告诉记者,Panaya改变了部分市场集中收购后导致的决定把它出售。印孚瑟斯首席财务官,MD Ranganath更坦诚的说,两家公司没有“完全一致”的未来战略。
在Panaya交易不当行为的指控,包括质疑前首席财务官拉吉夫·邦萨尔的高额遣散费,最后导致Sikka退出2017年8月。
在一周内R Seshasayee辞去董事会主席,导致共同创始人南丹•尼勒卡尼的回归作为非执行主席。尼勒卡尼Panaya没有发现任何不当行为的收购,帕尔克,前任高管凯捷公司从1月。与Sikka——从他的前雇主聘请多位高管许多德国软件制造商SAP -帕尔克印孚瑟斯的优先利用现有的领导来构建他的生意。
在三个月作为首席执行官,帕尔克与员工和客户,开始他所谓的“导航你的下一个“与客户采用数字服务。
第四季度的结果
Bengaluru-based公司表示第四季度利润增长2.4%,至3690卢比和收入5.6%至18083卢比。营业利润率为24.3%。印孚瑟斯已经公布的利润3603卢比的收入17120卢比在2017年10月和12月之间。
印孚瑟斯拥有30.4亿美元的现金储备或19818卢比,计划向股东返还20亿美元或13000卢比到明年2月,其中包括2600卢比,或4亿美元的特别股息。Ranganath说,公司在数字交易产生更高的利润,希望在未来几个月维持这一。
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